This initiative aims to bring Tehran back to the negotiating table amid ongoing military tensions in the region.

Key US and Middle Eastern officials have engaged in behind-the-scenes talks with Iranian representatives, even as military strikes have occurred between Iran and Israel. These discussions have continued following a recent ceasefire agreement.

Administration officials have emphasized that multiple preliminary proposals are under consideration, with one key condition: Iran must not enrich uranium, a requirement that Iran has consistently opposed. However, at least one draft proposal includes various incentives for Iran.

Details were discussed in a secret meeting last Friday between US special envoy Steve Witkoff and Gulf partners, occurring just before US military actions against Iran. Among the proposals is an estimated $20-30 billion investment in a new Iranian non-enrichment nuclear programme intended for civilian purposes.

Officials clarified that this funding would not come directly from the US, as it prefers Arab partners to finance the initiative.

Incentives discussed also include the potential removal of certain sanctions and allowing Iran access to $6 billion currently restricted in foreign bank accounts.

Additionally, US -backed allies in the Gulf may fund a replacement for the Fordow nuclear facility, which recently faced U.S. military strikes.

Witkoff stated that the US is seeking a “comprehensive peace agreement,” while the administration maintains that Iran can have a nuclear programme for peaceful purposes, as long as it does not involve uranium enrichment.

The US has suggested that Iran could import enriched uranium instead, similar to the arrangement in the United Arab Emirates.

While President Trump downplayed the necessity of a nuclear agreement, stating he didn’t care if one was reached, many advisors believe that securing a long-term deal is crucial for maintaining a lasting ceasefire.

Discussions following Witkoff’s meeting have continued through regional intermediaries, primarily Qatar, which also played a significant role in brokering the recent ceasefire.