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Iran considers scaling back nuclear program, per report

Iran is reviewing proposals to curb its nuclear program after previously refusing, per a report. WTI crude fell.

06/11/2026 17:214 min read

According to the Times of Israel, Iranian negotiators are examining proposals that would have Tehran limit its nuclear program.

Tehran had earlier declined to discuss the matter until its seven conditions were satisfied. The report suggests a shift in that position, if accurate. A US official and a diplomat with knowledge are cited.

"The proposals stop short of complete dismantlement, but do address Iran’s stockpile of highly enriched uranium, the diplomat familiar with the talks adds, saying that the offers would see Iran receive significant sanctions relief from the US."

West Texas Intermediate crude fell 18 cents to $90.33 on Thursday but has dropped sharply this week on hopes for a peace deal after the Iran war proved wildly unpopular with voters.

Separately, a report indicates Israel is urging the US to resume the conflict, possibly with a brief, heavy round of strikes. Should that happen, the danger is Iranian retaliation, returning to square one. In this campaign, the US has dropped over 13,000 bombs on Iran.

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