A proposed agreement between Washington and Tehran would extend the current ceasefire by 60 days and reopen the Strait of Hormuz, according to Axios, citing a US official.

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

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.

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…