BREAKING: The US and Iran are closing in on a deal that would extend their ceasefire by 60 days and lay the framework for discussions on Iran's nuclear program, mediators say.
Details include:
1. This would include a "gradual reopening" of the Strait of Hormuz
2. It would also include a commitment to discussing the "diluting or handing over" of Iran's highly enrich uranium
3. The US would ease its blockade of the Strait of Hormuz and agree to sanctions relief
4. The US would also begin a phased unfreezing of Iran's assets
Both sides are nearing a "memorandum of understanding" to extend a ceasefire.
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