The United States and Iran have reached a tentative agreement to extend their ceasefire by 60 days and to hold further discussions on Iran's nuclear program. This development, reported by Axios, raises hopes for a resolution to the ongoing conflict that has persisted for three months. While both nations have previously indicated progress in negotiations, President Donald Trump has yet to endorse the terms. U.S. Treasury Secretary Scott Bessent reiterated that key conditions, including the reopening of the Strait of Hormuz and the cessation of Iran's nuclear activities, must be met for any agreement. Amid ongoing military tensions, oil prices have seen fluctuations, trading near $95 per barrel. The ceasefire has been marred by isolated military strikes, with both sides accusing each other of violations. Additionally, Iran is demanding the release of its $24 billion in blocked assets as part of the negotiations. The situation remains fluid, with both nations navigating complex political landscapes and economic pressures.