The United States and Iran have reportedly reached an outline agreement to extend their fragile ceasefire, pending approval from U.S. President Donald Trump, according to Axios.
The proposed arrangement includes a 60-day memorandum of understanding aimed at prolonging the truce and paving the way for renewed negotiations over Iran’s nuclear programme. However, the deal remains uncertain as it awaits final approval from the White House.
The development comes after renewed military exchanges, including Iran’s reported strike on a U.S. air base in Kuwait, following earlier U.S. operations targeting what Washington described as an Iranian drone facility.
There has been no official confirmation of the reported agreement, but the news briefly influenced global markets, with oil prices reversing gains and trading lower amid hopes of reduced geopolitical risk.
President Trump, speaking at a cabinet meeting, said he believes an end to the conflict is possible but stressed that negotiations are still incomplete, adding that the U.S. is not currently considering easing sanctions on Iran.
Meanwhile, both sides continue to exchange limited but escalating attacks, underscoring the fragility of the ceasefire and the difficulty in turning it into a lasting peace deal.
U.S. Central Command said its forces intercepted multiple Iranian drones and carried out a strike on a ground control site in Bandar Abbas, while Kuwaiti forces also reportedly intercepted a ballistic missile targeting its territory.
Iran’s Revolutionary Guard, however, maintained that its actions were defensive, claiming it targeted a U.S. base linked to earlier strikes and warning of a stronger response if attacks continue.
Kuwait has condemned the latest escalation, urging Iran to immediately halt actions it described as dangerous and destabilising to regional security.
The renewed violence coincides with heightened regional tensions and ongoing diplomatic efforts, including planned talks between Pakistan’s foreign minister and U.S. Secretary of State Marco Rubio, as international actors push to stabilise the situation.
