US and Iran Reach Preliminary Nuclear Deal, Awaiting Trump's Approval

Published: May 29, 2026 11:06

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According to two US officials, negotiators from the US and Iran reached a framework agreement on a memorandum of understanding. The 60-day memorandum was designed to extend the ceasefire and initiate negotiations over Iran's nuclear issue, though it still required final approval from US President Trump. Under the terms outlined in the memorandum, shipping through the Strait of Hormuz would have "unrestricted passage," and the US would gradually lift its naval blockade of the region. Meanwhile, Iran pledged not to develop nuclear weapons, while the US committed to holding discussions on sanctions relief and the unfreezing of Iranian funds.

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