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World News Updated May 24, 2026

US and Iran Nearing 60-Day Ceasefire Extension, Says Report

The US and Iran are reportedly close to signing a 60-day ceasefire extension deal. Pakistan is acting as a mediator in the negotiations. The proposed deal would involve reopening the Strait of Hormuz and Iran diluting its enriched uranium. In return, the US would ease its blockade and provide sanctions relief.

US, Iran close to extending ceasefire by 60 days: Report

Tehran, May 24

Ambassador of Iran to Pakistan Reza Amiri Moghadam said that a positive stride is being taken forward based on dignity in truce talks.

Moghadam hoped that the diplomatic efforts would lead to lasting peace in the region.

"A few minutes ago, the Honorable Pakistani Minister of Interior, my dear brother H.E. Mohsin Naqvi, congratulated me on the achievements of the negotiations with the officials of my country after returning from Tehran.

With conservative optimism, we can hope that, if the other side is adequately committed, a positive stride is taking shape which is the result of the positions of the Islamic Republic of Iran based on dignity, the steadfastness of the courageous armed forces and the resistance of the brave Iranian nation, as well as the initiative and dedicated endeavours of the Pakistani mediator," he said in a post on X.

As per a report by the Financial Times, the US and Iran are inching closer to sign a deal that would extend the ceasefire by 60 days.

The faustian deal will ensure that the Strait of Hormuz is re-opened gradually and a commitment is made to dilute or hand over Iran's stockpile of highly enriched uranium.

In return, the US would commit to ease the reins of its blockade of Iranian ports and agree to sanctions relief and unfreezing Tehran's assets held overseas.

Iran and Pakistan have submitted a revised proposal to the United States to end the war and reopen the Strait of Hormuz, and a response is awaited from Washington by Sunday, Al Jazeera reported, citing its sources.

US Secretary of State Marco Rubio said there had been "some progress made". "There is a chance that, whether it's later today, tomorrow, in a couple of days, we may have something to say," he told reporters while on a visit to India. "But this issue needs to be solved, as the president said, one way or another."

The mediators were in regular contact with US envoy Steve Witkoff while talking to the Iranian delegation, which was led by Mohammad Bagher Ghalibaf, the parliamentary speaker, and foreign minister Abbas Araghchi, Financial Times stated.

— ANI

Reader Comments

Priya S

I'm cautiously optimistic. Pakistan playing mediator between Iran and US is interesting geopolitically. But the devil is in the details - handing over enriched uranium is a huge commitment from Iran. Let's see if Washington reciprocates with genuine sanctions relief.

Michael C

A Faustian deal indeed. The report says it all. Short-term ceasefire might just kick the can down the road. I'm skeptical Iran will truly abandon its nuclear ambitions, but opening the Strait of Hormuz is desperately needed for global supply chains.

Rohit P

Good news for India! 🇮🇳 We import a lot of oil from the Gulf region. Any tension in the Strait of Hormuz directly hits our fuel prices. Hope this ceasefire holds and leads to something permanent. Also, kudos to Pakistan for mediating - regional cooperation works.

Sarah B

I'm concerned about the lack of transparency. Iran and Pakistan making proposals, US responding behind closed doors - what about the other Gulf states like Saudi Arabia and UAE who are directly affected? India should also have a seat at this table given our strategic interests.

Vikram M

The Financial Times calling it a 'Faustian deal' is telling. But let's be practical - 60 days could be the breathing room needed for comprehensive talks. Iran's position of 'dignity' is important for their domestic audience. Let's hope the US response by Sunday is constructive.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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