• Negotiators have finalized a framework for a U.S.-Iran deal, but it awaits President Trump's sign-off, according to people familiar with the matter.
  • The potential agreement could ease sanctions and limit Iran's nuclear program, with implications for global oil markets.
  • Final approval remains uncertain amid political divisions in Washington and Tehran.

The United States and Iran have reached an outline for a deal that would curb Iran's nuclear activities in exchange for sanctions relief, but the agreement hinges on President Trump's approval, Axios reported Tuesday, citing officials briefed on the talks. The framework, hammered out in recent weeks, includes verification mechanisms and a phased lifting of restrictions, though key details are still being finalized, people familiar with the matter said.

A White House spokesperson declined to comment on ongoing negotiations, while a State Department official emphasized that no agreement is final until all parties sign off. Iran's mission to the UN did not respond to a request for comment.

The deal would mark a shift in U.S. policy, potentially reopening channels for Iranian oil exports and reducing tensions in the Strait of Hormuz. Energy analysts say a breakthrough could lower crude prices by 5-10% in the short term, as markets price in increased supply.

But the path to final approval is fraught. Some Republican lawmakers have voiced skepticism, and Trump's own stance remains unpredictable. One senior administration official said, "We're not there yet," noting that the president has asked for additional assurances on verification.

In Tehran, hardliners have also pushed back, with state media warning that any deal must guarantee full sanctions removal. "We will not accept half measures," a senior Iranian negotiator said on condition of anonymity.

If approved, the agreement could reshape Middle East alliances, drawing criticism from Israel and Gulf states who fear a nuclear Iran. European allies have urged caution, with the EU calling for a transparent process.

This is a developing story. A previous version of this article indicated a finalized agreement; talks remain ongoing.