Proposed US-Iran pact involves opening strait during temporary calm extension: short report
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May 24, 2026
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The United States and Iran are close to signing a pact involving a 60-day temporary calm extension, during which the Strait of Hormuz would be
An illustrative image related to: Proposed US-Iran pact involves opening strait during temporary calm extension: short report, highlighting key aspects of the story. | Image source: Geo News
Proposed US-Iran pact involves opening strait during temporary calm extension: short report
The United States and Iran are close to signing a pact involving a 60-day temporary calm extension, during which the Strait of Hormuz would be reopened, Iran would be able to freely sell oil, Axios documented on Saturday, citing a US official.
According to the short report, dialogue would be held on curbing Iran's nuclear programme, and during the 60-day period, the Strait of Hormuz would be open with no tolls. Iran would agree to clear the mines it deployed in the strait to let ships pass freely, the source further stated.
In exchange, as part of the proposed pact, the US would lift its blockade on Iranian ports and issue some economic penalties waivers to allow Iran to sell oil freely, the short report further stated.
The draft accord also includes commitments from Iran to never pursue nuclear weapons and to negotiate over a suspension of its uranium enrichment programme and the removal of its stockpile of highly enriched uranium, the Axios short report stated.
Iran gave the US, through the mediators, verbal commitments about the scope of the concessions it's willing to make on suspending enrichment and giving up the nuclear material, two sources informed Axios.
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