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

Pakistani mediators believe permanent ceasefire within reach although major points of disagreement remain

US and Iran are reportedly near a 60-day ceasefire extension via Pakistan-mediated talks. Bitcoin rallied past $78K on prior de-escalation signals.

Mediators say proposal would extend the ceasefire, gradually reopen Hormuz and ease pressure on Iranian ports, while delaying detailed nuclear negotiations for a later phase

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

A fragile ceasefire has been in place since April 8, punctuated by skirmishes as the U.S. and Iran jockey over the Strait of Hormuz.

Iran and the US edge toward a war-ending framework agreement, with Pakistan and Qatar mediating and a decision on the draft expected within days.

During the truce, navigation via the Strait of Hormuz will resume, and Iran will be able to sell its oil freely

May 23 (Reuters) - The U.S. and Iran areclose to signing a dealinvolving a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened,Iranwould be able to…

The US-Iran peace plan includes reopening Strait of Hormuz, an end to fighting in Lebanon, allowing Iranian oil sales and curbing Tehran's nuclear programme. | World News

The US and Iran are close to signing a 60-day ceasefire extension that would reopen the Strait of Hormuz, allowing Iran to resume oil sales and creating a window for negotiations…