Recent diplomatic efforts to end the US-Iran conflict have centered on Iran's remaining stockpile of highly enriched uranium, estimated at over 200 kg at 60% purity following 2025-2026 strikes on its nuclear facilities. A late-October draft framework proposes transferring the material to a third country or reducing enrichment levels in exchange for US sanctions relief and reopening the Strait of Hormuz, with China potentially serving as guarantor and verification mechanisms in place. Iranian officials have rejected any removal, stating no uranium will leave the country, while US Vice President JD Vance has emphasized the need for meaningful capacity reductions. Qatar-mediated talks and the November 3 midterms create a near-term window for further proposals or renewed pressure.