According to a Thursday report from The New York Times, the draft framework being discussed by U.S. and Iranian negotiators would pave the way for a massive $300 billion "reconstruction program" for Iran as part of the broader agreement to end the conflict.

U.S. and Iranian negotiators have reached a tentative agreement to extend the ceasefire by 60 days and initiate discussions on Iran's nuclear program, pending approval from President Trump.

US President Donald Trump said he had secured guarantees from Iran that it would not develop nuclear weapons, as reports emerged he had sent a tougher peace proposal back to Tehran. Trump has said his priorities for any deal include stopping Iran from any nuclear weapon development and re-opening the blockaded Strait of Hormuz.

Both sides have incentives to reach an agreement but are digging in, with President Trump saying he won’t do a bad deal.

Secretary of War Pete Hegseth said the U.S. military is “more than capable” of renewed strikes against Iran after President Donald Trump's Situation Room meeting Friday ended without a formal announcement.

Some officials, including U.S. Secretary of State Marco Rubio, have argued that U.S. strikes on Iranian air defenses have reduced the nuclear threat by diminishing ​Iran's ability to defend its nuclear sites should it decide to rush toward weaponization in the future.

Trump said Friday that Iran must agree to never have a nuclear weapon and to reopen the Strait or Hormuz immediately, without tolls.

U.S. forces shot down Iranian drones near the Strait of Hormuz again on Thursday as President Trump seeks a deal to reopen the Strait and address Iran's nuclear program.