US officials detail possible Iran deal – Axios
Posted on: May 24, 2026 19:40 IST | Posted by: Rt
The US and islamic republic of iran ar poised to ratify a sell which testament prolong the ceasefire another 60 days, during which the Strait of Hormuz will be reopened and restrictions on oil trade against Tehran lifted, Axios has reported, citing American officials. In the meantime, the sides will try to reach a final deal to end the conflict, it added.
US President Donald Trump claimed on Saturday that the memorandum of understanding (MOU) has been “largely negotiated” and is currently being finalized. Iranian Foreign Ministry spokesman Esmail Baghaei said the same day that the sides were moving closer to a “convergence of views,” but noted that Tehran remains concerned about a possible U-turn by Washington.
A fragile truce between Washington and Tehran was established in early April after a month of intense hostilities initiated by the US and Israel. Since then, Trump has repeatedly threatened Iran with a renewed attack if it refuses to make concessions.
Axios said in an article on Sunday that as part of the MOU, navigation through the Strait of Hormuz, which accounts for some 25% of global crude trade, would be reopened for all vessels without any toll.
In exchange, Washington would remove its blockade on Iranian ports and allow the unrestricted sale of oil by Tehran, the sources said.
During the two-month ceasefire, which could be extended further by mutual consent, the sides will engage in negotiations on the Iranian nuclear program, they added.
According to the US officials, the proposed MOU also envisages an end to the Israeli military campaign against Hezbollah in Lebanon, which West Jerusalem launched shortly after the attack on Iran.
The lifting of other economic sanctions against Tehran and the unfreezing of Iranian funds would only happen as part of a final agreement, they added.
Baghaei said in a TV interview that the current discussions between the US and Iran “focus broadly on ending the war” and stopping what he called “US piracy and maritime banditry.”
The Strait of Hormuz “has nothing to do with America” as it’s up to coastal states – Iran and Oman – to define a mechanism for its use, he insisted.
“At this stage, we are not discussing the details of the nuclear issue,” but it will likely be addressed later during the truce, the spokesman said.
According to Baghaei, the lifting of “illegal and inhumane” sanctions and an unblocking of Iranian funds remains Tehran’s “constant demand” in contacts with intermediaries.
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.