US, Iran Near 60-Day Ceasefire Deal: Report

Negotiators are closing in on a 60-day US and Iran ceasefire memorandum that would reopen the Strait of Hormuz and restart Iranian oil exports, Axios reports, citing US officials. The relief for performance plan is conditional: Iran would clear naval mines to restore shipping, and Washington would lift port restrictions and grant sanctions waivers. Tehran has pledged not to pursue nuclear weapons and to negotiate suspending enrichment and removing highly enriched uranium. Israel’s concerns were noted, though defensive strikes remain available if Hezbollah seeks to rearm. Gaps persist, with an announcement as early as Sunday.