Russia said on Monday it remains ready to take custody of Iran’s enriched uranium as part of a potential future agreement with the United States, as diplomatic efforts to end the conflict stalled.

Kremlin spokesman Dmitry Peskov said the proposal, first put forward by Vladimir Putin, remains on the table but has yet to be implemented.

“This proposal was voiced by President Putin in contacts with both the United States and regional states. The offer still stands, but has not been acted upon,” Peskov told reporters.

The remarks came after weekend talks between Washington and Tehran failed to produce a breakthrough, dimming hopes for a swift agreement to end a war that has killed thousands and disrupted global markets since late February.

Moscow has repeatedly suggested hosting Iran’s enriched uranium as part of a broader deal aimed at limiting Tehran’s nuclear program, a move analysts say could serve as a confidence-building measure in future negotiations.

The Kremlin also criticized recent US threats to impose a naval blockade on the Strait of Hormuz, warning such actions could further destabilize global markets.
“Such actions will likely continue to negatively impact the international market,” Peskov said.