Breaking: US-Iran Deal Nearly Finalised, Awaiting Trump's Signature
Jakarta, CNBC Indonesia – The United States (US) and Iran are close to finalising a framework for extending the ceasefire on Thursday. However, as of Friday morning (29 May 2026), President Donald Trump has yet to approve any agreement.
US sources told French news agency AFP that both sides have agreed on a memorandum of understanding (MOU) to extend the ceasefire for 60 days, though Trump has yet to sign it.
“It is difficult to say precisely when or if President Trump will sign the MOU,” US Vice President J.D. Vance, who has played a key role in negotiations, told reporters.
“We are still negotiating some language points. We have made significant progress,” he said, noting Trump has not yet responded directly to Iran.
Vance said Iran has been negotiating in good faith so far, with both sides wanting to reopen the Strait of Hormuz. However, differences remain over Iran’s enriched uranium stockpiles.
“Hopefully, we will continue to make progress and the president will be in a position to support the agreement, though it is still to be determined,” he added.
Meanwhile, US Treasury Secretary Scott Bessent previously stated that the US has a basis for a current deal, but some of Trump’s red lines remain unmet.
“He will not accept a bad deal. He will make a great deal for the American people,” Bessent said in a White House briefing.
Previously, US sources confirmed an Axios report that the MOU would open the Strait of Hormuz but leave Iran’s nuclear programme unresolved, with further talks planned on the issue.
Axios reported that the 60-day deal would stipulate unimpeded shipping through the Strait of Hormuz without tariffs or disruptions, and Iran must clear all mines within 30 days. In return, the US would lift its naval blockade on Iranian ports, but only in proportion to restored commercial shipping, it said.
“The memorandum would also include Iran’s commitment not to pursue nuclear weapons,” Axios said.
“Among the first issues to be addressed will be how to dispose of Iran’s enriched uranium stockpiles,” it added.
Trump himself reportedly said during a cabinet meeting on Wednesday that he was “not satisfied” with Iran’s offer and warned he could “finish the job” militarily. He has repeatedly stated that Iran cannot possess nuclear weapons in any deal to end the war launched by the US and Israel on 28 February.
The fragile ceasefire has been in place since 7 April. Washington and Tehran accused each other of violating the truce on Thursday morning following a firefight.
Iran Launches Attack on US Military Base
Yesterday, Iran’s Islamic Revolutionary Guard Corps (IRGC) said it targeted a US airbase in the region in response to new attacks, marking the second armed clash between the two nations this week.
The latest confrontation began with reports of explosions shortly after midnight in southern Iranian port city Bandar Abbas, home to a naval base.
Earlier, a US official stated that American forces shot down four Iranian kamikaze drones that “posed a threat around the Strait of Hormuz” and also struck a land control station in Bandar Abbas that “was about to launch a fifth drone”. The official described the actions as “measured, purely defensive, and intended to preserve the ceasefire”.
Several missiles and drones were also intercepted over Kuwait. Open-source analysts suggested online that the projectiles may have been heading towards Ali Al Salem Air Base near the Kuwait-Iraq border.
The IRGC later released a statement saying they targeted the US base involved in previous attacks near Bandar Abbas Airport. “The aggressor bears full responsibility for the consequences,” the statement, published by RT, said.