JD ▲ +0.4% - JD.com, Inc. $JD Vance said Iran must make a “meaningful” reduction in its nuclear-enrichment capacity for the U.S. to agree to end the seven-month war, signaling that assurances of future restraint would not be enough. * U.S. condition: Vance pointed specifically to Iran’s 60%-enriched uranium and said Washington wants concrete reductions in enrichment capacity rather than promises of future nuclear drawdowns. * Negotiations: The U.S. and Iran have exchanged proposals aimed at ending the war and reopening the Strait of Hormuz. * Iranian leadership: Vance said Washington is negotiating with President Masoud Pezeshkian and Foreign Minister Abbas Araqchi but remains uncertain about their decision-making authority. Iran disputes the U.S. characterization of its decision-making process. * Hormuz and war costs: Vance said Iranian forces can still periodically strike commercial vessels but are largely unable to stop energy exports through the Strait. The war is costing the U.S. about $3B per month, according to Reuters. 06-OCT-2026 07:17 PM ET