Iran, US agree to extend ceasefire pending Trump approval

The United States and Iran have reached a preliminary agreement to extend their ceasefire for another 60 days and ease restrictions on shipping through the Strait of Hormuz, according to sources cited by Reuters.

The proposed deal, which still requires approval from U.S. President Donald Trump and Iranian leadership, would mark the most significant step toward de-escalation since the conflict began on February 28.

Sources familiar with the negotiations said the agreement would allow unrestricted maritime traffic through the strategic waterway while talks continue on key issues, including Iran’s nuclear program, sanctions relief, and regional security concerns.

Iranian state media reported that the text of the agreement has not yet been finalized, while U.S. Vice President JD Vance said Washington was “very close” to securing a deal but cautioned that no guarantees could yet be made.

The reports came amid renewed military tensions, including U.S. strikes on Iranian drones near Bandar Abbas and Iran’s retaliatory threats against American forces in the region. Kuwait also reported intercepting a ballistic missile fired toward its territory.

The Strait of Hormuz, a vital route for global oil and gas supplies, remains central to the negotiations. News of the possible agreement contributed to a decline in oil prices amid hopes of reduced regional tensions.

Meanwhile, indirect diplomatic efforts continue, with Pakistan expected to hold talks with senior U.S. officials in Washington aimed at supporting mediation efforts.