By TRH World Desk
The US and Iran have agreed in principle to a 60-day ceasefire and Strait of Hormuz reopening. The deal awaits sign-off from Trump and Iranian leadership, with nuclear and missile talks deferred.
New Delhi, May 29, 2026 — A tentative memorandum of understanding for a 60-day ceasefire between the United States and Iran has been reached, including provisions to reopen the Strait of Hormuz, US sources told CBS Evening News Thursday. The agreement now awaits formal approval from both US President Trump and Iranian leadership before it can take effect.
The breakthrough came hours after US forces carried out what the military described as a defensive strike along Iran’s coast, following what US Central Command (CENTCOM) called an “egregious ceasefire violation” by Tehran. CENTCOM said an Iranian missile was intercepted near the strategically vital Strait of Hormuz, a critical chokepoint for global oil shipments.
The exchange marked the second time this week that the US and Iran have traded military strikes, raising international concern over what had appeared to be an increasingly fragile ceasefire.
Under the terms of the memorandum, long-term thorny issues — including Iran’s nuclear and ballistic missile programs and the question of sanctions relief — will be deferred for future negotiations, added the American broadcaster. A ceasefire in Lebanon, where Israel has intensified operations against Iran-backed militant group Hezbollah this week, is also expected to be addressed separately.
Former Israeli Ambassador to the United States Michael Oren told CBS that Israel may not feel bound by the arrangement. “We’ll have to say, OK, that deal is your deal, Mr. President, and the Iranians’,” Oren told CBS. “We cannot be beholden to that deal, certainly if it risked the lives of our citizens here.”
Hezbollah remains a red line for Tehran, and Israel’s expanded operations in Lebanon have added friction to the diplomatic process.
Despite the cautious diplomatic signals, financial and oil markets reacted positively to news that a framework had largely been agreed upon between the White House and Tehran.
Analysts, however, urge caution. A deal has appeared imminent before without materializing. As one US official was quoted by CBS, saying: until the President signs the memorandum of understanding, “it isn’t done until it’s done.”
Strait of Hormuz Control ‘Critical Threat’: Ex-US General Warns
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