News surfaced Thursday that both sides were firming up a deal after weeks of military action and threats between the US and Iran.
According to developing reports, the framework for a ceasefire extension was in place but had not been formally approved by President Donald Trump.
The Hill provided this update:
The two sides have struck a deal on a 60-day memorandum of understanding (MOU) to protract the fragile ceasefire — which has been in place since last month — and begin the reopening of the Strait of Hormuz, a key waterway that has been effectively choked off by Iran.
ADVERTISEMENTThey will also commit to negotiating Iran’s nuclear enrichment program and U.S. sanctions on the regime.
As part of the agreement, Iran will not impose tolls on commercial ships attempting to transit the strait and Tehran will begin demining the waterway through which 20 percent of the world’s oil and gas supply flows through, sources said. The agreement still has to be cleared by senior Iranian leadership.
If the commercial shipping in the strait is restored, the U.S. Navy blockade will be removed. Washington will also issue sanctions waivers, allowing Tehran to sell its oil.
News of the apparent progress fueled significant social media discussion:
Looks like a huge win for President Trump and the US. Hearing from a Senior Admin Official this report is TRUE and the U.S. appears to be getting everything we want. https://t.co/4BjivuvLoj
— Scott Jennings (@ScottJenningsKY) May 28, 2026
🚨 NOW: US and Iranian negotiators HAVE REACHED a 60-day deal Memorandum of Understanding, to extend the ceasefire and handle nuclear negotiations — Fox News confirms
"It's now waiting TRUMP'S final approval." 🔥
47 WILL ONLY ACCEPT AMERICA FIRST!
This is huge if he signs off! pic.twitter.com/xwJmd2PxUq
— Eric Daugherty (@EricLDaugh) May 28, 2026
Al Jazeera added these details:
The MOU would come after sporadic skirmishes between the US and Iran in the Gulf that threatened to unravel the truce. The two sides traded limited attacks earlier on Thursday.
Axios first reported the preliminary deal earlier on Thursday. The White House confirmed the report to Al Jazeera.
ADVERTISEMENTAccording to Axios, the deal stipulates that vessel traffic would be “unrestricted” in the Strait of Hormuz, and that the US would lift its naval blockade on Iranian ports.
Tehran has been claiming sovereignty over the strategic waterway, saying that the strait must be managed jointly by Iran and Oman because it goes through the two countries’ territorial waters.
But the US has rejected any form of Iranian control, including a tolling system, in the Hormuz Strait.
Earlier on Thursday, US Treasury Secretary Scott Bessent also threatened Oman — a close ally of Washington — with sanctions if it facilitates the imposition of fees on ships going through the strait.
Here’s some additional commentary on the situation:
🚨 NOW: US and Iranian negotiators HAVE REACHED a 60-day deal Memorandum of Understanding, to extend the ceasefire and handle nuclear negotiations — Fox News confirms
"It's now waiting TRUMP'S final approval." 🔥
47 WILL ONLY ACCEPT AMERICA FIRST!
This is huge if he signs off! pic.twitter.com/xwJmd2PxUq
— Eric Daugherty (@EricLDaugh) May 28, 2026
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