The United States and Iran are close to signing a proposed agreement that would extend the current ceasefire for 60 days, reopen the Strait of Hormuz and allow Iran to resume oil exports while negotiations continue on Tehran’s nuclear programme, as per US media outlet Axios.
According to the report, the draft memorandum of understanding (MOU) would allow ships to pass through the Strait of Hormuz without tolls during the 60-day period, while Iran would clear mines deployed in the waterway to restore shipping traffic.
