Negotiators from the United States and Iran have reached a preliminary agreement on a memorandum of understanding (MoU) aimed at extending the current ceasefire for a duration of 60 days. This agreement, however, is contingent upon the approval of US President Donald Trump. As reported by Axios, the MoU includes a commitment from Iran to refrain from developing nuclear weapons and prioritizes discussions on the removal of enriched uranium during the negotiation period. The terms of the deal were reportedly mostly agreed upon by Tuesday, but both parties required senior leadership's approval before finalizing the agreement. While Iranian negotiators have secured their leadership's consent, Trump has requested additional time to consider the details. Notably, the MoU stipulates that shipping and transit through the Strait of Hormuz will remain unrestricted, with no tolls imposed for passage and no harassment of vessels. Furthermore, Iran is obligated to eliminate all mines from the strait within 30 days of the agreement. This situation is still developing, with further updates expected.