US, Iran Near Ceasefire Deal Amid Ongoing Tensions
The United States and Iran are close to finalising a 60-day ceasefire extension and discussions on Iran's nuclear programme, pending President Donald Trump's approval. The proposed deal includes unrestricted shipping through the Strait of Hormuz and the removal of mines by Iran within 30 days. However, reports indicate that the agreement has not been finalised, with ongoing negotiations addressing specific language points. Tensions remain high, as both nations have accused each other of violating the truce, which has been in place since April. The situation escalated recently with US strikes on Iranian targets, prompting Iran to retaliate against US bases. The economic implications of the conflict are significant, with analysts warning that disruptions in the Strait could impact global oil prices.
Published 2 days ago • 29 May 2026, 05:57 AM IST