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 freely sell oil and negotiations would be held on curbing Iran's nuclear program, Axios reported on Saturday, citing a U.S. official.According to the Axios report, during the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely.

Iran has threatened to impose tolls on shipping, while US demands that Iran hand over its highly enriched uranium may be deferred

US–Iran talks show slight progress but remain deadlocked over enriched uranium stockpiles and Iran’s bid for control of the vital Strait of Hormuz.

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…