Al Arabiya reports:Agreement would immediately open HormuzA Qatari-Pakistani proposal has revised the path of serious negotiations between Washington and Tehran Arrangements are underway to discuss the return of IAEA inspectors to Iran Washington has agreed to allow uranium enrichment inside Iran at a level of 3.67%, and Tehran has agreedDiscussions are underway regarding the involvement of a third country to facilitate the reduction of highly enriched uranium levels in Iran (likely Russia IMO)A preliminary agreement on reducing Iranian uranium enrichment is likelyThe S&P 500 is up 2.7% to 7573, a session high. Oil is also under pressure on the headlines. This article was written by Adam Button at investinglive.com.