Potential 60-Day Ceasefire Extension Between US and Iran
Mediators suggest that the US and Iran may be nearing an agreement to extend their ceasefire by 60 days, which includes plans for the gradual reopening of the Strait of Hormuz.
Reports indicate that the United States and Iran are close to finalizing a deal that would extend their current ceasefire by 60 days.
The terms of this potential agreement reportedly involve the gradual reopening of the strategically important Strait of Hormuz.
As discussions continue, further details on the deal are expected to emerge, with some sources suggesting an announcement could come soon.
Updates
Update at 19:19 UTC on 2026-05-24
Oil & Gas reported U.S.-Iran Deal Delayed as Trump Refuses to "Rush" Agreement Crude Oil Prices Today | OilPrice.com. MarketWatch reported Trump says there’s no rush as deal to end Iran war, reopen Strait of Hormuz appears close MarketWatch. Politico reported Trump, after signaling deal was imminent, says he will not ‘rush’ deal with Iran Politico. Additional matching coverage came from 1 more source.
Sources: Oil & Gas, MarketWatch, Politico, BBC World
Update at 08:28 UTC on 2026-05-25
BBC World reported The deal under discussion would involve a 60-day ceasefire extension during which the Strait of Hormuz would be reopened, US media reports.
Sources: BBC World