US and Iran reach tentative 60-day ceasefire to reopen shipping and resume nuclear talks

The United States and Iran have reached a tentative framework to extend their ceasefire by 60 days and open negotiations on Iran’s nuclear program, but the deal is not final because President Donald Trump has not yet approved it, according to multiple reports from Bloomberg, CBS News and other outlets. Iranian approval is also still pending, with officials on both sides continuing to review the text.

CBS News reported that U.S. sources told the White House press pool a tentative agreement had been reached, while Vice President JD Vance said negotiators were “going back and forth” and had made “a lot of progress,” but that it remained unclear whether Trump would sign off. Bloomberg’s audio reports also described a “tentative US-Iran deal” and said Trump was weighing a 60-day truce renewal.

The proposed memorandum would do more than pause hostilities. According to the reporting cited by The Jerusalem Post and Reuters, it would extend the ceasefire, restart direct or mediated talks, and address one of the central sticking points in the conflict: Iran’s nuclear program. One version of the deal reportedly includes an Iranian commitment not to pursue a nuclear weapon, alongside discussions over the removal of enriched uranium.

The Strait of Hormuz appears to be another major part of the negotiations. Sources cited by CBS News, Reuters and The Jerusalem Post said the framework would reopen shipping through the strategic waterway, lift restrictions on transit and restore commercial movement. One report said the arrangement would also require Iran to remove mines from the strait, while another said the United States would lift its blockade as shipping resumed.

The talks matter because the Strait of Hormuz is one of the world’s most important energy chokepoints, and any easing of tensions there could affect global oil flows and market sentiment. The reports also suggest broader regional consequences, including possible sanctions relief and changes to maritime security, if the agreement is approved and implemented.

At the same time, the reporting makes clear that the deal remains fragile. CBS News said Tehran had not yet responded to the latest version, while The Jerusalem Post reported that senior Iranian approval was still missing. That leaves the fate of the agreement dependent on decisions in Washington and Tehran, with mediators still working through the final details.

The diplomatic developments came amid a busy financial backdrop, with Bloomberg’s market coverage also pointing to a separate sharp move in Dell shares and broader stock market strength. But the focus of the day’s political reporting remained the possible U.S.-Iran truce extension, which could mark the biggest step toward a longer-term settlement since the conflict began.