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US-Iran negotiators reach tentative 60-day MoU; Trump yet to approve

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U.S. and Iranian negotiators reached a tentative memorandum of understanding on Thursday to extend the fragile ceasefire in the three-month-old war by 60 days and open a new round of talks on Iran's nuclear program, according to U.S. officials and regional mediators. The draft would also address shipping through the Strait of Hormuz and gradually ease naval and sanctions pressure on Iranian oil sales — but President Donald Trump has not given final approval, and Iranian state media said the text had not been finalized in Tehran.

The reports landed hours after another flare-up: Kuwait intercepted missiles fired from Iran, U.S. Central Command said, and both sides traded strikes even as mediators floated the framework. Vice President JD Vance confirmed a tentative agreement Thursday evening while saying it remained unclear whether Trump would sign off; Treasury separately layered new sanctions on an Iranian military oil-sales arm.

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