← Iran War Today

U.S. and Iran Reach Tentative Framework for Ceasefire Extension and Nuclear Talks

Negotiators propose a 60-day ceasefire and nuclear talks, though Trump has yet to sign off as regional strikes continue.

May 29, 2026 at 6:30 AM

U.S. and Iranian negotiators have reportedly established a tentative 60-day ceasefire-extension framework aimed at opening formal dialogue regarding Iran’s nuclear program. The memorandum proposes a significant de-escalation in the Strait of Hormuz, requiring Iran to remove mines within 30 days while the U.S. would gradually ease its naval blockade to permit Iranian oil exports. However, the agreement remains unfinalized; President Trump has not yet approved the terms, and Iranian leadership has not publicly confirmed the deal. While diplomatic efforts moderated by Qatar, Oman, and Pakistan proceed, the situation on the ground remains volatile. The U.S. Treasury recently imposed additional sanctions on Iran’s military oil sales, signaling a "maximum pressure" approach alongside back-channel negotiations. Simultaneously, military exchanges have persisted, with the IRGC claiming a strike on a U.S. airbase in Kuwait in retaliation for an American strike near Bandar Abbas Airport. Vice President JD Vance has described the two nations as being "very close" to an agreement, though he noted that specific language points remain unresolved. The ongoing closure of the Strait of Hormuz continues to impact global energy markets, driving oil prices higher as both sides weigh the political risks of a formal diplomatic reset.

Key Points

Sources