US and Iran Propose 60-Day Ceasefire Agreement

US and Iran Reach Preliminary Agreement on Ceasefire Extension

The United States and Iran have reached a preliminary memorandum of understanding (MOU) that would extend the ceasefire between the two countries for an additional 60 days, according to officials. The framework still requires President Donald Trump’s final approval.

According to reports by US news outlet Axios, citing unnamed sources involved in the negotiations, the MOU includes agreements on several key issues. The agreement would state that shipping through the Strait of Hormuz is to be unrestricted, with no tolls or harassment, and Iran would have 30 days to remove all mines. The ongoing US naval blockade on Iranian ports would also be lifted “in proportion to the restoration of commercial shipping” through the strait.

The MOU would also include waivers on certain sanctions, allowing Iran to sell oil freely. Additionally, the agreement would commit Iran not to work towards building a nuclear weapon. During the 60-day window following the start of the new agreement, discussions would focus on Iran’s uranium enrichment programme and how to dispose of its stock of highly enriched uranium.

The MOU’s terms are still subject to confirmation, with officials stating that the text has not yet been finalized or confirmed by the public. The agreement is a significant development in the ongoing peace negotiations between the US and Iran, which have been mediated by Pakistani officials since early March.

Source: Al Jazeera