US and Iran reach outline agreement to extend ceasefire
U.S. and Iran reached an outline deal to extend their ceasefire for 60 days. The move follows recent attacks and aims to reopen the Strait of Hormuz.
The United States and Iran reached an outline agreement on Thursday to extend their ceasefire for 60 days. The deal follows a series of drone and missile exchanges that threatened to escalate the three-month-old regional conflict. The truce aims to allow negotiations on Iran's nuclear program while reducing immediate supply-chain risks.
### Truce Extension Targets Nuclear Talks The memorandum of understanding aims to maintain the current ceasefire pending final approval from President Donald Trump. Axios reported that the 60-day window is intended to facilitate negotiations regarding Iran's nuclear program. Oil prices fell on the news as traders anticipated reduced supply disruption from a potential reopening of the Strait of Hormuz.
