Iran and the U.S. have agreed on a plan to extend the ceasefire by another 60 days following a new round of retaliatory attacks, though it still requires approval from President Trump.
Foreign news agencies reported on Thursday, 28 May 2026, that Iran and the United States have reached a joint agreement to extend the ceasefire for another 60 days. Although awaiting approval from U.S. President Donald Trump, the agreement has sparked hope for restoring peace in the Middle East after both sides exchanged retaliatory strikes on the same day.
Four sources close to the matter revealed that both sides agreed on a memorandum of understanding (MOU) to extend the ceasefire by another 60 days.
Meanwhile, Axios, which first broke the news, reported that the agreement would outline how to manage Iran's stockpile of enhanced uranium, which will be one of the initial topics discussed during the 60-day ceasefire period.
This news caused oil prices, which had been rising due to the recent clashes, to drop immediately as the market became hopeful about the possibility of reopening the Strait of Hormuz, a critical shipping route responsible for about one-fifth of the world's oil and liquefied natural gas supply.
Previously, Trump repeatedly emphasized that the end of the war was near, but during a cabinet meeting with the press on Wednesday, he revealed dissatisfaction with the talks. The U.S. has not yet discussed easing sanctions, one of Tehran's key demands.
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Source:cna