Newspaper Brief · International · May 29, 2026

US and Iran reach tentative ceasefire extension deal, pending Trump’s approval

Deal outlines a 60-day truce, reopening of the Strait of Hormuz and new nuclear talks — but approval, credibility and enforcement remain contested.

Negotiators from the U.S. and Iran have reached a tentative memorandum of understanding to extend the existing ceasefire for 60 days, reopen commercial shipping through the Strait of Hormuz, and start talks on Iran’s nuclear program — but the agreement is not final. Both sides say most terms are agreed, yet Iran has not formally confirmed acceptance and President Trump has asked for more time to review before signing. Disagreement in public debate centers less on the immediate mechanics of the deal and more on whether the process — who signs, who enforces, and whether political leaders are trustworthy — confers legitimate and durable security. Supporters emphasize immediate de-escalation and a path to negotiated limits on Iran’s nuclear activities; skeptics fear premature concessions, insufficient guarantees, and that signature politics (particularly reliance on President Trump’s approval) will undercut enforceability and oversight.

Key facts

  • U.S. and Iranian negotiators have agreed to a tentative memorandum of understanding (MOU) that would extend the current ceasefire by 60 days and begin negotiations on Iran’s nuclear program, but President Donald Trump has not yet given his final approval.
  • The deal would restore unrestricted commercial shipping through the Strait of Hormuz, including Iran removing mines, in exchange for the U.S. gradually lifting its naval blockade of Iranian ports; key nuclear issues like highly enriched uranium stockpiles and enrichment capacity remain unresolved and subject to further negotiation.
  • Iran has not officially confirmed acceptance of the agreement; U.S. negotiators say most terms are agreed upon, but both sides require approval from their senior leadership—and Trump has requested additional time ("a couple of days") to review before signing.
  • Vice President J.D. Vance said the U.S. and Iran are “very close” to a memorandum of understanding that would extend the ceasefire by 60 days, reopen the Strait of Hormuz, and launch talks on limiting Tehran’s nuclear program—but cautioned that it is unclear when or if President Trump will sign off on it.
  • Despite reports of the ceasefire extension deal, Iran has not confirmed acceptance, and President Trump has yet to give final approval—making the agreement tentative and subject to change.
  • Oil markets responded positively: oil prices dropped sharply (roughly $5 per barrel) after the outlines of a deal emerged, and Asian share markets—particularly in Japan and South Korea—hit record highs on hopes the ceasefire extension would reduce regional energy risk.
  • Some U.S. Republican hawks have voiced skepticism about the deal, criticizing it as rewarding Iran without sufficient guarantees; meanwhile, Democrats have expressed relief that the war may pause and urged accountability for how the conflict was started.
  • A ceasefire between the US and Iran took effect on April 8, 2026, mediated by Pakistan, after weeks of conflict and tension in the Gulf region. The deal required Iran to reopen the Strait of Hormuz and halt hostile actions while both sides began negotiations.
  • President Trump previously extended the ceasefire in April 2026 without a fixed end date to allow Iranian leadership time to formulate a unified peace proposal. This action followed mediation efforts led by Pakistan. During that period, both sides accused each other of violations, and the US maintained economic and naval pressures including blockades.
  • The proposed deal under discussion in late May 2026 would extend the existing ceasefire by 60 days, reopen the Strait of Hormuz to unrestricted vessel traffic, lift the US naval blockade of Iranian ports, initiate new nuclear program negotiations, require Iran to commit not to pursue a nuclear weapon, and offer conditional relief of sanctions. Trump’s approval is still pending, and Iran has not formally confirmed the agreement.