FT reports that mediators believe a 60-day ceasefire extension is close, as Tehran says memorandum of understanding is being finalised

Vessels in the Strait of Hormuz are visible near the beach of Bandar Abbas, Iran, 22 May 2026 (Majid Asgaripour/WANA (West Asia News Agency) via Reuters)

Published date: 23 May 2026 16:43 BST

|

Last update: 3 sec ago