Overview
- Sources report negotiators have produced a draft to extend the ceasefire for 60 days and restore commercial traffic through the Strait of Hormuz, but final implementation is pending a clear decision by President Trump.
- The White House publicly rejected an Iranian state‑TV version of the draft as inaccurate, saying the specific memorandum described on air is fabricated.
- U.S. officials insist on strict negotiating red lines—no advance lifting of sanctions, no transfer of Iran’s enriched uranium to third countries, and no country controlling the strait—which complicates final sign‑off.
- Fighting and strikes have continued while talks proceed: U.S. forces reported shooting down Iranian drones and striking an Iranian ground control site, and Israel has stepped up precise strikes and expanded ground operations in southern Lebanon.
- Mediators say hardline Iranian elements have tried to sabotage any deal by attacking shipping in the Gulf, the U.N. Security Council condemned a drone attack near the Barakah nuclear plant, and markets are watching whether the pact, if approved, will ease oil‑supply risks.