U.S. media say Iran deal may include ceasefire extension, reopening Hormuz
May 24, 2026
A proposed agreement the United States and Iran are close to signing involves 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 quoted a U.S. official as saying on Saturday.