U.S. and Iranian officials have reached an agreement for a 60-day memorandum of understanding to extend the ceasefire and initiate negotiations on Iran’s nuclear program, according to sources. The deal requires final approval from President Donald Trump and senior Iranian leaders before it can take effect. U.S. officials confirmed that terms were largely finalized by Tuesday, with both sides still awaiting leadership sign-off.
During a recent Cabinet meeting, President Trump stated that the Strait of Hormuz would be reopened as part of the agreement, allowing unrestricted shipping after the current naval blockade is lifted. He warned that Oman must comply with international standards or face consequences, saying, “It’s international waters. Nobody’s gonna control it… Oman will behave like everybody else or we’ll have to blow them up.”
The MOU includes provisions for Iran to refrain from pursuing nuclear weapons and commitments on handling its highly enriched uranium. The U.S. has pledged to discuss sanctions relief and the release of frozen Iranian assets as part of ongoing negotiations. Trump also emphasized that Arab nations must sign onto the Abraham Accords he negotiated in his first term, stating they “owe it to us” to do so.
The agreement aims to restore shipping through the Strait of Hormuz, which carries approximately 20 million barrels of oil daily, while ensuring Iran does not impose tolls or mine the waters within a month. Iran has yet to confirm its acceptance of the pact, though U.S. officials reported that Iranian leaders expressed verbal commitment to nuclear concessions during negotiations.
