U.S. and Iranian negotiators have drafted a memorandum of understanding (MoU) to extend the current cease‑fire, but the agreement still requires President Donald Trump’s sign‑off, an Axios report said on Thursday.
The MoU would remain in effect for 60 days and launch a negotiation phase aimed at reaching a comprehensive settlement on Iran’s nuclear program, according to two U.S. officials.
Under the draft, Iran would commit not to pursue a nuclear weapon, and the primary focus of the 60‑day talks would be the removal of Iran’s enriched uranium.
The officials told Axios that most terms were settled on Tuesday, but senior leaders in both countries must endorse the text before it can be signed.
American officials said Iranian negotiators had secured internal approval and were prepared to sign, but President Trump requested a few days to consider the details after being briefed.
The MoU also stipulates that transit and shipping through the Strait of Hormuz will be unrestricted, with no tolls or harassment.
Iran would be required to clear all naval mines from the strait within 30 days, one official added.
This is a developing story.