Oman's Foreign Minister, Badr Albusaidi, announced Friday that substantial progress has been made in U.S.-Iran negotiations aimed at curbing Iran's nuclear program. He told CBS News that a "peace deal is within our reach."

According to Albusaidi, Iran has committed to never possessing nuclear material for a bomb. Existing enriched uranium stockpiles would be blended to the lowest level possible and converted into irreversible fuel. Iran is also reportedly willing to grant the U.N.'s International Atomic Energy Agency full access to its nuclear sites for verification.

Albusaidi expressed hope that a deal could avert U.S. strikes, but noted that more time is needed to finalize details. Technical talks are scheduled for Monday in Vienna, with further meetings anticipated with U.S. negotiators.

This diplomatic push comes as President Trump has expressed dissatisfaction with the pace of negotiations and has not ruled out military action. Trump has stated his desire for Iran to cease all uranium enrichment activities.

Previous rounds of indirect talks between Iran and the U.S. have focused on Iran's nuclear program. While a deal is considered imminent by some, implementation could take up to three months.