President Donald Trump declared that the 60-day timeline attached to the tentative US-Iran agreement isn’t set in stone. In the same breath, he suggested the US could sign a deal within 48 hours, a pace that makes the original deadline feel almost leisurely by comparison.
The agreement, structured as a memorandum of understanding, aims to extend a ceasefire, guarantee unrestricted shipping through the Strait of Hormuz, and kick off substantive negotiations over Iran’s nuclear program. Trump also confirmed that US troops will remain deployed in the Persian Gulf.
What the deal actually covers
At its core, the agreement calls for reopening the Strait of Hormuz without tolls or harassment, a corridor through which roughly a fifth of the world’s oil supply passes on any given day.
The deal reportedly includes provisions for the potential release of billions in funds that have been locked up under various sanctions regimes.
