The proposed agreement includes a 60-day memorandum of understanding and is currently awaiting final approval from US President Donald Trump, according to Axios, which cited senior US administration officials familiar with the discussions.
US negotiators briefed Trump on the details of the framework in recent days, but the President has not yet signed off on the proposal. “The president relayed to the mediators that he wants a couple of days to think about it,” a US official told Axios.
The reported breakthrough comes after months of escalating tensions and direct conflict in West Asia, marking the most significant diplomatic progress between Washington and Tehran since hostilities intensified earlier this year.
Officials cited by Axios said the broad contours of the agreement were largely finalised by Tuesday, though both sides still need formal clearance from their top leadership before implementation.
The proposed 60-day arrangement is aimed at preserving the uneasy ceasefire while creating diplomatic space for negotiations on Iran’s nuclear activities.
The development also comes at a time of heightened volatility in global energy markets and shipping routes linked to the West Asia conflict. The International Energy Agency has previously described the disruption as the “largest supply disruption in the history of the global oil market.”
