The United States and Iran are reportedly close to a tentative agreement that could include a 60-day ceasefire extension and major concessions on shipping routes, oil exports, and nuclear negotiations, according to a report by Axios cited by Reuters. The proposal is being discussed amid ongoing efforts to reduce tensions in the region and prevent further escalation.
Ceasefire Extension and Strait of Hormuz Opening
According to the report, the proposed framework includes a 60-day extension of the ceasefire, during which the strategic Strait of Hormuz would be reopened for unrestricted maritime traffic.
During this period, ships would be allowed to pass freely without tolls, and Iran would reportedly agree to clear any naval mines previously deployed in the waterway to ensure safe passage.
The Strait of Hormuz is one of the world’s most critical oil transit routes, and any disruption to its flow has historically had significant global economic consequences.
Oil Exports and Sanctions Relief
The proposed agreement also reportedly includes provisions allowing Iran to resume oil exports more freely. This would be facilitated through partial lifting of restrictions and sanctions waivers by the United States.
Under the draft, the US would also lift its blockade on Iranian ports and allow mechanisms for Iran to re-enter global oil markets, at least temporarily during the ceasefire period.
These measures are seen as part of broader efforts to ease economic pressure on Tehran while maintaining diplomatic engagement.
Nuclear Programme Commitments
A central component of the reported deal involves Iran agreeing not to pursue nuclear weapons capability. The draft also includes discussions on suspending uranium enrichment activities and addressing Iran’s stockpile of highly enriched uranium.
According to sources cited in the report, Iranian officials have provided verbal assurances through mediators regarding the scope of possible concessions. However, formal agreement details remain under negotiation.
Tankers Exit Strait of Hormuz as US Talks Up Possible Iran Deal
US Position and Diplomatic Signals
US President Donald Trump has suggested that a “largely negotiated” memorandum of understanding is taking shape, which would include reopening the Strait of Hormuz and advancing diplomatic talks.
US Secretary of State Marco Rubio also indicated that further announcements on Iran could be expected soon, signaling that negotiations are still active and evolving.
The White House has not yet officially commented on the reported draft agreement.
Iran’s Response and Remaining Concerns
Iranian officials have confirmed that diplomatic discussions have made progress in reducing tensions, but emphasized that several key issues remain unresolved.
Iran’s Foreign Ministry spokesperson Esmail Baghaei stated that while there has been movement toward narrowing differences, final outcomes will depend on continued mediation.
Tehran has also highlighted concerns regarding security guarantees and the lifting of economic restrictions, which it considers central to any sustainable agreement.
Global Impact and Outlook
If finalized, the proposed arrangement could significantly affect global energy markets, particularly oil prices and shipping stability through the Gulf region. However, officials on both sides caution that negotiations are still ongoing and subject to change.
For now, the situation remains fluid, with diplomatic channels continuing to work toward narrowing gaps and preventing further escalation.
