Washington: The United States and Iran are on the verge of agreeing to a 60-day ceasefire that would reopen the strategic Strait of Hormuz. This move is expected to enable Iran to resume oil sales while creating a window for negotiations on Tehran's nuclear program, as per a US official familiar with the draft agreement.
According to Philippines News Agency, the proposed deal, which is still under negotiation, might be announced as early as Sunday. However, officials have warned that the agreement could fall apart before it is finalized. The draft memorandum of understanding stipulates that Iran would demine the Strait of Hormuz and permit ships to pass without incurring tolls. In return, the United States would lift its blockade on Iranian ports and issue limited sanctions waivers, allowing Iran to sell oil freely during the 60-day period.
A US official described the arrangement as 'relief for performance,' indicating that economic relief would follow concrete actions by Iran rather than being granted upfront. Additionally, the draft includes Iranian commitments not to pursue nuclear weapons and to negotiate the suspension of uranium enrichment, along with the removal of its stockpile of highly enriched uranium.
While broader sanctions relief or the unfreezing of Iranian funds would be discussed during the ceasefire, they would only be implemented as part of a final, verified agreement. US forces stationed in the region would remain during the 60-day period and would only withdraw if a final deal is reached.
The agreement also seems to be connected to efforts to end the conflict between Israel and Hezbollah in Lebanon. Israeli Prime Minister Benjamin Netanyahu reportedly expressed concerns about this condition during a call with US President Donald Trump. A US official clarified that Israel would still be permitted to act if Hezbollah attempted to rearm or resume attacks.
Several Arab and Muslim leaders, including officials from Saudi Arabia, Qatar, Egypt, Turkey, Pakistan, and the United Arab Emirates, have expressed support for the diplomatic effort. Pakistan has taken on a key mediation role, with Field Marshal Asim Munir visiting Tehran to help finalize the deal. The White House is optimistic that the remaining issues could be resolved swiftly.
However, US officials have indicated that the ceasefire could end prematurely if Washington determines that Iran is not serious about engaging in nuclear negotiations.
