US and Iran to sign 60-day ceasefire deal to reopen Strait of Hormuz

Istanbul (ANTARA) – The United States and Iran are set to sign a 60-day ceasefire extension to reopen the Strait of Hormuz, allowing Iran to resume oil sales and create space for negotiations on its nuclear programme. The unfinalised peace proposal could be announced as early as Sunday, according to a US official close to the draft agreement cited by Axios. However, the official cautioned that the deal could still collapse before being signed. Under the draft memorandum of understanding ready for signing, Iran will clear mines in the Strait of Hormuz and allow ships to pass without paying transit fees. In return, Washington will lift blockades on Iranian ports and impose a temporary sanctions waiver enabling Tehran to sell oil freely for 60 days. A US official described the framework as ‘performance-based relief’, with economic sanctions being lifted contingent on Iran’s commitments rather than upfront. The draft agreement also includes Iran’s commitment not to develop nuclear weapons, along with negotiations to suspend uranium enrichment and surrender enriched uranium stockpiles. Broader sanctions relief, including the release of Iranian funds abroad, will be discussed during the ceasefire period but only implemented as part of a verified final agreement. US forces in the region will remain in place during the 60-day ceasefire and only withdraw after a final agreement is reached. The draft agreement also addresses efforts to end the conflict between Israel and Hezbollah in Lebanon. Israeli Prime Minister Benjamin Netanyahu reportedly expressed concerns during a phone call with US President Donald Trump on Saturday. A US official stated Israel would still be permitted to act if Hezbollah attempts to rearm or launch attacks. Several Arab and Muslim leaders, including officials from Saudi Arabia, Qatar, Egypt, Turkey, Pakistan, and the United Arab Emirates, have backed the diplomatic approach between the two sides. Pakistan has played a key mediating role, with Air Chief Marshal Asim Munir travelling directly to Tehran to push for the deal. The White House also hopes outstanding issues can be resolved within hours. However, US officials said the ceasefire could end early if Washington deems Tehran not serious about nuclear negotiations.