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U.S. and Iran Reach Tentative 60-Day Truce Framework Amid Ongoing Military Strikes

Washington and Tehran weigh a 60-day ceasefire framework as regional strikes and new U.S. sanctions maintain high tensions.

May 29, 2026 at 5:30 AM

Negotiators from the United States and Iran have reportedly reached a tentative 60-day memorandum of understanding aimed at extending a ceasefire and establishing a framework for formal nuclear negotiations. Despite the diplomatic breakthrough, the deal currently awaits final approval from President Donald Trump. U.S. Treasury Secretary Scott Bessent emphasized that the administration will not accept a "bad deal," maintaining that Iran must relinquish its highly enriched uranium and ensure the Strait of Hormuz remains open to international navigation. Parallel to these diplomatic efforts, military activity in the region has surged. The Islamic Revolutionary Guard Corps (IRGC) claimed responsibility for a strike on a U.S. airbase in Kuwait, which they characterized as a retaliation for American strikes near the Bandar Abbas Airport. Kuwaiti officials confirmed their air defenses engaged hostile missiles and drones. Meanwhile, U.S. forces reportedly neutralized four Iranian attack drones near the Strait of Hormuz and conducted a targeted strike against a drone control facility in Bandar Abbas to preempt further launches. The Trump administration continues to apply "maximum pressure" via economic channels, with the Treasury Department announcing new sanctions on Iranian military-linked oil sales. Officials also signaled impending restrictions on Iranian airlines, including the revocation of landing rights and refueling access. While 26 vessels reportedly passed through the Strait of Hormuz under Iranian coordination in the last 24 hours, the situation remains volatile as both nations balance coercive military actions with the potential for a temporary de-escalation.

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