US, Iran Agree 60-Day Ceasefire Pending Trump Sign-Off
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- U.S. and Iran agreed to a tentative 60-day memorandum of understanding to extend their current ceasefire and reopen the Strait of Hormuz, as confirmed by the White House
- Trump must sign off on the ceasefire extension for it to take effect, placing final approval in the hands of the president
- Axios first reported the 60-day deal on Thursday, preceding official public confirmation from administration sources
- Strait of Hormuz will be opened as part of the agreement, marking a significant shift in regional access and maritime policy
Why it matters: The 60-day extension hinges on Trump’s approval, introducing political uncertainty into a fragile diplomatic breakthrough. Reopening the Strait of Hormuz immediately affects global oil transport, lowering the risk of supply disruptions that had pressured energy markets.
