The United States and Iran are moving closer towards extending their fragile ceasefire by another 60 days, with mediators working on an interim agreement that could create the framework for wider negotiations on Tehran’s nuclear programme and regional security issues, according to a report by the Financial Times.

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