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U.S. and Iran reportedly agree to extend ceasefire but needs Trump's final approval

Posted

May 28, 2026

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Oil prices pulled back Thursday, erasing earlier gains on a report that U.S. and Iranian negotiators reached an agreement to extend ceasefire.

Axios reported that negotiators reached a 60-day memorandum of understanding to extend the ceasefire and start negotiations over Iran's nuclear program. President Donald Trump still has to approve the deal, according to Axios.

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President Donald Trump

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U.S. and Iran reportedly agree to extend ceasefire but needs Trump's final approval · CNBC Television · Sentinel