US and Iran Reach Deal to Extend Truce, Axios Reports

Summary

Axios reports that the US and Iran have reached a 60-day memorandum of understanding to extend a truce and work toward a broader deal, including reopening the Strait of Hormuz and lifting the US naval blockade. The discussion covers key sticking points such as uranium enrichment curbs, inspections, and sanctions relief. No explicit trading ideas are provided.

• Axios reports a 60-day US-Iran memorandum of understanding to extend the cease-fire.
• The Strait of Hormuz would be reopened with unrestricted navigation and Iran must remove mines.
• The US naval blockade will be lifted as part of the agreement.
• Negotiations will prioritize Iran's stockpile of highly enriched uranium.
• Sanctions relief and frozen asset release are discussed but not confirmed.
• President Trump previously insisted no sanctions relief until Iran 'behaves correctly'.
• Iran's support for proxy militias remains a sticking point.
• No formal confirmation from the White House or Iran has been received.