A temporary ceasefire was first arranged in April 2026 amid a broader conflict involving the United States, Iran, and regional actors. The truce, brokered with help from Pakistan, halted immediate hostilities and opened a diplomatic channel between Washington and Tehran.
Since then, negotiations have focused less on a final peace settlement and more on extending the ceasefire long enough to negotiate a broader framework, particularly around Iran’s nuclear program and maritime security in the Persian Gulf.
Reports now suggest mediators believe both sides are close to agreeing on a 60‑day extension accompanied by a memorandum of understanding outlining the next phase of talks.
Although details remain unofficial, reports from officials briefed on the negotiations outline several major components.
One of the central provisions would be the phased reopening of the Strait of Hormuz, a strategic waterway through which a large share of global oil shipments pass.
The strait has been effectively disrupted during the conflict, with both sides imposing maritime restrictions and blockades. Restoring freedom of navigation is therefore a top priority for Washington and its allies.
The reported compromise involves reopening shipping routes gradually as part of the ceasefire extension rather than resolving the issue immediately in a final peace agreement.
Another major element is the launch of discussions on what to do with Iran’s stockpile of highly enriched uranium (HEU).
Options reportedly under discussion include:
These discussions would likely form part of a broader negotiation framework on Iran’s nuclear program.
However, the uranium issue remains one of the largest unresolved disputes, with U.S. officials insisting Iran cannot retain material usable for nuclear weapons while Iranian leaders resist demands to surrender their enrichment capabilities.
In exchange for Iranian steps on maritime security and nuclear issues, Washington could offer limited economic relief, according to reports on the proposed deal.
Potential measures include:
Some reports indicate the release of portions of Iran’s frozen funds could occur in phases if the ceasefire holds.
Iranian-linked reporting, however, has suggested Tehran believes current U.S. proposals still lack the “tangible” concessions it wants before making major compromises.
Pakistan has played the most prominent role as an intermediary in the negotiations, hosting talks and facilitating proposals between Washington and Tehran.
Other regional actors—including Gulf states such as Qatar, Saudi Arabia, and the United Arab Emirates—have also reportedly worked behind the scenes to encourage de‑escalation and prevent a wider regional war.
Diplomatic contacts and shuttle mediation from these countries have helped narrow differences and keep negotiations moving toward a temporary agreement.
Despite reported progress, several issues remain unresolved and have repeatedly caused negotiations to stall.
Washington views reopening the strait as non‑negotiable because of its global economic importance, while Iran has used control over the waterway as leverage in talks.
The U.S. position emphasizes eliminating or transferring Iran’s highly enriched uranium, while Iranian officials argue the country has a right to maintain a nuclear program.
Iran wants substantial sanctions relief and access to billions of dollars in frozen funds, but U.S. negotiators have so far signaled only phased or partial economic concessions tied to Iranian steps in the deal.
Another dispute is whether nuclear issues must be resolved immediately or can be postponed to later negotiation phases after the ceasefire extension takes effect.
Diplomacy is unfolding under the threat that hostilities could quickly resume if talks fail. Reports indicate the United States has considered new strikes against Iranian targets if negotiations collapse, adding urgency to mediation efforts.
At the same time, officials have indicated that serious negotiations are one reason military escalation has been delayed while talks continue.
Even if the proposed extension is finalized, it would only be a temporary step toward a broader diplomatic settlement.
The reported framework suggests a phased approach: stabilize the situation, reopen maritime trade routes, and begin structured negotiations over Iran’s nuclear program and regional security issues.
Whether those deeper issues can be resolved remains uncertain. For now, the 60‑day extension is seen less as a final agreement than as a fragile diplomatic bridge designed to prevent the conflict from reigniting while negotiators attempt to tackle the hardest questions.