American and Iranian negotiators have tentatively agreed to a 60-day memorandum of understanding that would extend an existing ceasefire and kick off formal discussions over Iran’s nuclear program. The deal is done in principle, but the person whose signature actually matters, President Donald Trump, hasn’t signed off yet.
Trump was briefed on the framework and indicated he needs more time to review the arrangement.
What’s actually in the deal
The tentative MOU, reported across multiple outlets on May 28-29, centers on two pillars: nuclear restrictions and sanctions relief. A key component involves the reopening of the Strait of Hormuz under the ceasefire arrangement. For context, roughly 20% of the world’s oil passes through that narrow waterway.
The negotiations have been ongoing since at least 2025, with various rounds of mediation producing incremental progress but no breakthrough.
