The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing Tehrans nuclear programme, according to an Axios report citing a US official.

The draft calls for reopening the strait, but leaves nuclear concessions for a later stage.

The US and Iran are close to signing a 60-day ceasefire agreement that would reopen the Strait of Hormuz, allow Iran to freely export oil, and begin negotiations on curbing…

Agreement would begin with 60-day ceasefire, during which Strait of Hormuz would open again