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US & Iran Poised to Sign 60-Day Strait of Hormuz Ceasefire MoU

On 24 May 2026 U.S. and Iranian negotiators finalized a draft 60-day memorandum that swaps Iran’s immediate mine-clearing and toll-free reopening of the Strait of Hormuz for U.S. suspension of its port blockade and targeted oil-export sanctions waivers, with an announcement expected within days.

Trump Proposes 30-Day Exit Deal as Iran Tightens Grip on Strait of Hormuz

On 21 May 2026, President Trump told PM Netanyahu the U.S. is drafting a “letter of intent” that would end active hostilities with Iran and start a 30-day negotiation window, effectively signaling Washington’s willingness to halt the war while Iran maintains control of the vital waterway.

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