Reports say the US and Iran have reached an agreement on a 60-day ceasefire memorandum, waiting for Trump's final approval

According to Axios, US and Iranian negotiators have reached an agreement on a 60-day memorandum of understanding that covers an extension of a ceasefire and the initiation of negotiations on Iran's nuclear program, but Trump has not yet given final approval.

Two US officials revealed that the terms of the agreement were基本上 settled on Tuesday, but approval from senior officials on both sides is needed. US officials stated that Iran has indicated that it has obtained the necessary authorization and is ready to sign, but Iranian officials have not yet publicly confirmed this claim. US negotiators have reported the final details of the agreement to Trump, who has said he needs a few days to consider. "The President has conveyed through mediators that he needs a few days to think," said one US official.

Additionally, Israeli i24News reporter Amichai Stein, citing a source, reported that Iran's Supreme Leader Sayyid Ali Khamenei has also not yet approved the memorandum of understanding, which could also be one of the reasons why Trump has not given his nod of approval.

In reality, it may currently only be a form of consensus reached between Iran's Foreign Minister Araghchi, Speaker of the Parliament Qalibaf, and US Special Envoy for the Middle East Whitaker and their teams, but Iran's real high-ranking leadership, the ultimate decision-makers, have not yet said "agree".

In terms of the core terms of the agreement, the memorandum will explicitly state the resumption of "unrestricted" passage in the Strait of Hormuz, namely no transit fees or harassment of vessels, and Iran must remove all mines in the strait within 30 days. The US naval blockade will be lifted in tandem with the gradual resumption of commercial shipping.

On the nuclear issue, the memorandum will include Iran's commitment not to seek nuclear weapons, and how to handle Iran's high enriched uranium, as well as how to deal with Iran's uranium enrichment activities will be listed as the first batch of negotiation topics within the 60-day window. The US has promised to include sanctions relief and the release of frozen Iranian funds in the negotiation framework, and will also discuss mechanisms to help Iran restore commodity imports and humanitarian aid.

If the memorandum is eventually signed, it will be the most significant diplomatic breakthrough since the outbreak of war, but a comprehensive agreement that truly addresses Trump's core demands still requires more difficult negotiations to follow. Trump and his team have many times in the past thought they were close to reaching an agreement, but none have been able to materialize, and there are still variables as to whether this time it can be finalized.