U.S. and Iranian negotiators have reached a tentative agreement to extend their ceasefire by 60 days [1].

This extension provides a critical window to prevent further escalation in the Middle East. A failure to finalize a peace deal could risk renewed hostilities in Lebanon and the strategic Strait of Hormuz, which remains a primary focus for international oil markets.

President Donald Trump said the deal has been largely negotiated. According to U.S. officials, the agreement now awaits the president's signature.

Secretary of State Marco Rubio said the timing for a final resolution is imminent. Rubio said a deal could happen today, tomorrow, or next week [2].

Beyond the immediate truce, the agreement aims to initiate a new round of talks regarding Iran's nuclear programme. This effort follows Iranian statements that the country is not seeking nuclear weapons.

While the tentative agreement focuses on the ceasefire, other reports suggest a broader peace deal may require a ceasefire in Lebanon as a prerequisite. However, some negotiators have already reached the current tentative agreement without specifically mentioning Lebanon in the terms.

U.S. officials said that while talks are progressing, the administration does not have unlimited patience over the final peace deal. Vice President JD Vance has also been involved in the ongoing coordination between Washington and Tehran to stabilize the region.

“The deal has been largely negotiated.”

The 60-day extension serves as a diplomatic bridge to avoid total war while the U.S. leverages the reopening of the Strait of Hormuz. By decoupling the immediate ceasefire from the more complex nuclear and Lebanese requirements, both nations are attempting to lower the temperature before committing to a permanent, high-stakes peace treaty.