From the perspective of the U.S. core demands, if Iran can give up uranium enrichment, it will become the most significant military achievement for the U.S., and also the biggest "accomplishment" Trump can use to appease his domestic audience.

This round of conflict has already had a substantial negative impact on the midterm elections, and early disengagement is necessary.
Since the Iranian Islamic Revolution, the U.S. has lost control over Iran's nuclear capabilities; past U.S. presidents over the decades have failed to resolve this issue, severely affecting America's Middle East strategy.
Compared to Iran's "nuclear abandonment" achievements' huge role in political propaganda, the indirect link between oil prices and inflation may have less influence on elections, so the Trump administration might be willing to compromise on issues like control of the Strait of Hormuz.
From Iran's core demands, this war has demonstrated that blockading the strait and threatening Middle Eastern infrastructure are extremely important leverage tools, even more destructive and flexible than nuclear threats.
Compared to the extremely costly and difficult-to-control scale of nuclear weapons, blockading the strait and attacking infrastructure only require low-cost drones to cause significant impacts on the U.S. and global economy, thus forming Iran's counterbalance tools against the U.S.
Both Iran and the U.S. have repeatedly stopped short of crossing red lines that could lead to large-scale infrastructure destruction, which also indicates that the probability of extreme escalation in war is not high, and the chances of extreme oil prices, severe recession, or stagflation are decreasing.