According to the Axios website, the United States and Iran have agreed on a draft memorandum of understanding that could extend the fragile ceasefire by 60 days and open the way for new negotiations on Iran's nuclear program. However, the agreement has not yet been finalized. The key signature must come from US President Donald Trump, who has reportedly taken several days to consider the proposal.

The draft memorandum was supposed to be completed on Tuesday, May 26th. Both sides were then supposed to seek approval from their respective highest authorities. US officials claim that the Iranians later announced their willingness to sign the document, but Tehran has not publicly confirmed this. This uncertainty is important: it is not yet a peace agreement, but a framework designed to bring both sides back to the negotiating table.

According to available information, the memorandum stipulates that navigation through the Strait of Hormuz will be "unrestricted." This would mean the end of fees, harassment of ships, and the removal of mines from the strait within 30 days. In return, the United States would gradually lift the naval blockade of Iranian ports, depending on the resumption of commercial traffic. The Strait of Hormuz is a key route for global trade in oil and gas, so any easing of tensions would have economic implications.

The nuclear aspect of the agreement remains the most sensitive. The memorandum is supposed to include Iran's commitment not to pursue nuclear weapons, and during the 60-day period, two key issues are to be addressed: what will happen to Iran's stockpile of highly enriched uranium, and how future enrichment will be regulated. At the same time, the United States is supposed to negotiate sanctions relief, frozen Iranian funds, and a mechanism for delivering humanitarian aid.

However, tensions remain. According to the Guardian, Trump also shared the draft agreement with Israel and other allies, while incidents continue to occur in the region that could disrupt the ceasefire at any time. Israel has reservations about the draft, as it reportedly does not contain immediate and firm Iranian nuclear commitments.

The entire process hinges on a political decision by Donald Trump and whether Tehran will actually accept the conditions, which it has not yet publicly confirmed. If the memorandum is approved, it will be the most significant diplomatic breakthrough since the beginning of the current crisis. If not, the region could quickly slide back into open confrontation.

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