- Negotiations on Comprehensive Peace Agreement to Continue During Truce Period
WASHINGTON — A draft bilateral memorandum on peace between the United States and Iran proposes extending the current ceasefire for an additional 60 days, creating a framework for continued negotiations toward a comprehensive peace agreement, according to a report by Axios citing the document.
The proposed arrangement is aimed at sustaining regional stability while diplomatic efforts intensify to secure a long-term settlement between Washington and Tehran.
Strait of Hormuz Navigation and Iranian Oil Exports to Resume
Under the terms outlined in the draft memorandum, maritime navigation through the strategically vital Strait of Hormuz would fully resume during the ceasefire period, easing concerns over global energy supply routes and international shipping security.
The document also reportedly states that Iran would be permitted to freely export and sell its oil throughout the duration of the truce, a move expected to have significant implications for global energy markets and regional economic stability.
Diplomatic Momentum Builds Amid Efforts to Prevent Escalation
The reported memorandum reflects growing diplomatic momentum aimed at preventing further escalation in the region and opening the door to broader political and security understandings between the two countries.
While neither Washington nor Tehran has officially confirmed the details of the reported draft, the proposal signals a potentially important step toward de-escalation and renewed diplomatic engagement after a prolonged period of tensions.
BY: The Times Union
