The US and Iran have reached a consensus on a 60-day Memorandum of Understanding, awaiting final approval from Trump.

BlockBeats News, May 28th - Two U.S. officials revealed that U.S. and Iranian negotiation representatives have reached an agreement on a 60-day Memorandum of Understanding to extend the ceasefire and initiate negotiations on the Iranian nuclear program. However, former President Trump has not given final approval and has requested a few days to consider. Signing the Memorandum of Understanding would be the most significant diplomatic breakthrough since the start of the U.S.-Iran war, but reaching a final agreement to address Trump's nuclear demands will require further intensive negotiations.

The U.S. officials also stated that the 60-day Memorandum of Understanding will stipulate that shipping in the Strait of Hormuz will be "unhindered." This means no tolls will be charged, and no harassment will take place. Iran must clear all mines in the strait within 30 days. At the same time, the U.S. naval blockade will be lifted, but this process will progress in proportion to the resumption of commercial shipping. The Memorandum of Understanding will include Iran's commitment not to develop nuclear weapons. The memorandum will also stipulate that during the 60-day negotiation window, the primary negotiation topics will be how to deal with Iran's highly enriched uranium and how to address Iran's uranium enrichment activities. As part of the negotiations, the U.S. has committed to discussing the issues of lifting sanctions and unfreezing Iranian funds. The Memorandum of Understanding will also involve discussions on establishing a mechanism to assist Iran in beginning to receive goods and humanitarian aid. (AXIOS)