US and Iran Near 60-Day Interim Agreement
War News

US and Iran Near 60-Day Interim Agreement

24 May 2026

(Digital Itla) The United States and Iran are reportedly close to reaching a 60-day interim agreement involving an extension of the ceasefire, reopening of the Strait of Hormuz, and limited sanctions relief for Iranian oil exports.

According to a report by Axios, both sides are preparing to sign a memorandum of understanding (MoU) initially valid for 60 days, with the possibility of extension through mutual agreement.

Under the proposed deal, Iran would keep the Strait of Hormuz fully open for maritime traffic and remove naval mines from the area to ensure the smooth flow of global trade and energy supplies.

In return, the United States may ease certain economic sanctions, including restrictions related to ports and limited relief for oil exports, potentially allowing Iran to sell oil on the international market again.

US officials described the framework as “relief in exchange for performance,” meaning sanctions relief would depend on Iran’s implementation of security and maritime measures.

The draft agreement also reportedly includes assurances that Iran will not pursue nuclear weapons, along with negotiations on limiting uranium enrichment and reducing sensitive nuclear stockpiles.

 

Reports further suggest that Pakistan is playing an important mediation role through high-level diplomatic engagement with Tehran and other capitals.