Overview
- U.S. officials said on Friday they have a tentative memorandum of understanding to extend the existing ceasefire by 60 days and create a two‑month window for detailed nuclear negotiations.
- The reported framework would require Iran to reopen the Strait of Hormuz, remove sea mines within 30 days, and allow a phased end to the U.S. naval blockade in exchange for limited sanctions relief and increased Iranian oil sales.
- President Trump has not approved the memorandum and left a White House Situation Room meeting without a decision, saying any deal must meet his 'red lines' on Iran’s nuclear ambitions.
- Tehran has rejected U.S. claims of a finalized deal, insisted that progress be judged by reciprocal actions not statements, and pressed for release of frozen assets and sanctions relief as key conditions.
- Major questions remain about Iran’s roughly 440.9 kg of uranium enriched to 60 percent, how verification would work, and the risk of renewed fighting after recent missile and drone incidents, while global agencies warn ongoing Hormuz disruption is straining fuel and fertilizer supplies and hurting poorer countries.