Axios’ Barak Ravid reports that U.S. and Iranian negotiators have reached a draft 60-day memorandum of understanding to extend the ceasefire and launch negotiations over Iran’s nuclear program — but the deal still requires President Trump’s final approval.

•⁠ ⁠According to the report, U.S. officials claim Iran signaled it received the necessary approval and was prepared to sign, though Tehran has not publicly confirmed that claim.

•⁠ ⁠The proposed agreement would reportedly guarantee unrestricted commercial shipping through the Strait of Hormuz, require Iran to remove mines from the waterway within 30 days, and gradually lift the U.S. naval blockade as shipping resumes.

•⁠ ⁠The memorandum would include discussions on sanctions relief, frozen Iranian funds, humanitarian goods, and negotiations over Iran’s highly enriched uranium and future enrichment activity.