Overview
- Senior U.S. officials say negotiators have drafted a protocol that would extend the current ceasefire by 60 days and stage the reopening and demining of the Strait of Hormuz in return for phased U.S. easing of restrictions.
- On Saturday, May 30, President Trump sent a tougher version of the proposal to Tehran and publicly claimed Iran had agreed not to seek or buy nuclear weapons, a claim Iranian officials have not confirmed.
- Tehran has refused to accept mere promises and is pressing for concrete actions before moving forward, including the end of fighting on all fronts and the release of frozen assets reported in media accounts to total roughly billions of dollars.
- U.S. officials have signaled willingness to negotiate but also warned they retain the capacity to resume military action if terms are unacceptable, while Israeli offensives in southern Lebanon continue to fuel mistrust and instability.
- The prospect of a deal has already moved markets, with oil prices falling on reports of progress, and mediators from Pakistan and Gulf states remain key intermediaries as final approval rests with the U.S. president.