US and Iran have reportedly reached a tentative 60-day ceasefire framework. 🤝 🚢
U.S. and Iranian negotiators have tentatively agreed to a 60-day memorandum that would extend the ceasefire and start talks on Iran's nuclear program. President Donald Trump had not approved the framework as of Thursday, and Iran had not publicly confirmed acceptance.
The plan would restore unrestricted shipping through the Strait of Hormuz, require mine removal within 30 days, and pair that with a gradual end to the U.S. naval blockade and some sanctions waivers.
The strait carries about one-fifth of traded oil and natural gas, which makes the shipping terms economically significant. The polymarket for a permanent peace deal shows a 45% chance of it being achieved by June 30.
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