Axios says proposed US-Iran deal involves opening strait during 60-day ceasefire extension
The U.S. and Iran are nearing a deal that would extend a ceasefire for 60 days, allowing for the reopening of the Strait of Hormuz. During this period, Iran would be permitted to sell oil freely, and discussions would take place regarding its nuclear program. The agreement also includes commitments from Iran to halt its pursuit of nuclear weapons and to negotiate on uranium enrichment.
- ▪The proposed deal involves a 60-day ceasefire extension between the U.S. and Iran.
- ▪During this period, the Strait of Hormuz would be reopened without tolls, and Iran would clear mines to allow free passage for ships.
- ▪The U.S. would lift its blockade on Iranian ports and issue sanctions waivers for oil sales.
Opening excerpt (first ~120 words) tap to expand
Axios says proposed US-Iran deal involves opening strait during 60-day ceasefire extensionSign up now: Get ST's newsletters delivered to your inboxVessels in the Strait of Hormuz, Iran, May 22, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERSPublished May 24, 2026, 11:58 AMUpdated May 24, 2026, 11:58 AMMay 23 - The U.S. and Iran are close to signing a deal involving a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened, Iran would 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.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.