Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleUS and Iranian negotiators have reportedly reached a tentative agreement to extend their ceasefire by 60 days and initiate new talks on Iran’s nuclear programme. US Vice President JD Vance confirmed the tentative agreement was “very close” but “not there yet” due to uncertainty regarding Donald Trump's approval, citing ongoing discussions over “a couple of language points” and Trump's prior demands for the Strait of Hormuz to be open and Iran to abandon its nuclear ambitions. The memorandum of understanding (MOU) reportedly stipulates “unrestricted” shipping through the Strait of Hormuz, Iran's removal of all mines from the passageway within 30 days, and the lifting of the US naval blockade. Following reports of the ceasefire extension, oil futures experienced a significant decline of over 1 per cent, marking their steepest weekly fall since early April. Donald Trump issued a threat to “blow up” Oman if it did not comply with his demands regarding the Strait of Hormuz and sign the Abraham Accords, despite existing economic and military ties. In fullIran-US war latest: Tehran and US ‘agree deal to open Strait of Hormuz’ pending Trump’s approvalThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Iran war briefing: Vance says US-Iran deal is ‘very close’ but ‘not there yet’
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleUS and Iranian negotiators have reportedly reached a tentative agreement to extend their ceasefire by 60 days and initiate new talks on Iran’s nuclear programme. US Vice President JD Vance confirmed the tentative agreement was “very close” but “not there yet” due to uncertainty regarding Donald Trump's approval, citing ongoing discussions over “a couple of language points” and Trump's prior demands for the Strait of Hormuz to be open and Iran to abandon its nuclear ambitions. The memorandum of understanding (MOU) reportedly stipulates “unrestricted” shipping through the Strait of Hormuz, Iran's removal of all mines from the passageway within 30 days, and the lifting of the US naval blockade. Following reports of the ceasefire extension, oil futures experienced a significant decline of over 1 per cent, marking their steepest weekly fall since early April. Donald Trump issued a threat to “blow up” Oman if it did not comply with his demands regarding the Strait of Hormuz and sign the Abraham Accords, despite existing economic and military ties. In fullIran-US war latest: Tehran and US ‘agree deal to open Strait of Hormuz’ pending Trump’s approvalThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
US and Iran agreed on a 60-day ceasefire extension and open Strait of Hormuz, pending Trump's approval on two outstanding language points. Oil fell over 1% on the news — steepest weekly drop since April — a direct signal on energy and supply chain cost exposure.
