US-Iran Deal May Reopen Strait of Hormuz in Ceasefire

The agreement includes oil exports, mine removal, and talks on limiting Iran's nuclear program during a 60-day ceasefire.

Publish date: Sunday، 24 May 2026 Reading time: 1 min read

US-Iran Deal May Reopen Strait of Hormuz in Ceasefire

Add As A Preferred Source On Google

The United States and Iran are reportedly close to finalizing a deal that involves a 60-day ceasefire extension. During this period, the Strait of Hormuz would be reopened, allowing Iran to sell oil freely. Talks would also be held about limiting Iran's nuclear program, according to Axios, which cited a U.S. official.

As part of the agreement, Iran would clear the mines it placed in the strait to ensure the free passage of ships. The deal would also allow the strait to operate without tolls during the ceasefire period, Axios reported.

In return, the U.S. is expected to lift its blockade on Iranian ports and grant certain sanctions waivers, enabling Iran to resume oil exports freely.

The proposed draft outlines key commitments from Iran, including pledges to never pursue nuclear weapons. Iran would also engage in negotiations to suspend its uranium enrichment and to reduce its stockpile of highly enriched uranium, according to the report.

Axios, citing two sources, noted that Iran has given verbal assurances through mediators about the concessions it is willing to make in terms of suspending enrichment and surrendering nuclear material.

During the 60-day period, the U.S. may also negotiate lifting sanctions and unfreezing Iranian funds, the report revealed.

When contacted about the report, the White House did not provide an immediate comment.

This article was previously published on UAE Moments. To see the original article, click here

To read the full story for free, please enter your e-mail

Thank you for your subscription, you will receive our Newsletter shortly

US-Iran Deal May Reopen Strait of Hormuz in Ceasefire

Related articles