Proposed US-Iran deal involves opening strait during 60-day ceasefire extension: Reports
The US and Iran are nearing a deal that includes a 60-day ceasefire extension. During this period, the Strait of Hormuz would be reopened, allowing Iran to sell oil freely. Additionally, negotiations regarding Iran's nuclear program are expected to take place.
- ▪The proposed deal includes a 60-day ceasefire extension between the US and Iran.
- ▪The Strait of Hormuz would be reopened during this ceasefire, facilitating oil sales by Iran.
- ▪Negotiations on curbing Iran's nuclear program are also part of the discussions.
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Proposed US-Iran deal involves opening strait during 60-day ceasefire extension: ReportsSign up now: Get ST's newsletters delivered to your inboxVessels are seen anchored in the Strait of Hormuz, off the port city of Khasab on Oman’s northern Musandam Peninsula on May 17.PHOTO: AFPPublished May 24, 2026, 11:43 AMUpdated May 24, 2026, 11:43 AMWASHINGTON – The US 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 May 23, citing a US official.More to come.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Straits Times — World.