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US-Iran ceasefire extension awaits Trump approval amid on...
By Reuters · 2026-05-29 · via Business News Today: Latest Business News, Finance News
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SENSEX   74,649.84

+ 382.50

NIFTY   23,483.55

+ 100.95

NIFTY   23,483.55

+ 100.95

CRUDEOIL   8,970.00

+ 234.00

CRUDEOIL   8,970.00

+ 234.00

GOLD   155,296.00

+ 1,044.00

US and Iran agree to 60-day ceasefire extension, Trump approval pending

The agreement comes amid repeated claims by the Trump administration that a deal to halt hostilities is close, even as Iran has occasionally disputed or downplayed such assertions

Updated - May 28, 2026 at 10:18 PM.

| WASHINGTON

The United States and Iran have reportedly agreed to a draft memorandum of understanding to extend their ceasefire by 60 days, according to a source cited by Reuters. However, President Donald Trump is yet to approve the proposal (a file photo)

The United States and Iran have reportedly agreed to a draft memorandum of understanding to extend their ceasefire by 60 days, according to a source cited by Reuters. However, President Donald Trump is yet to approve the proposal (a file photo) | Photo Credit: MOHAMED AZAKIR

The U.S. and ​Iran have reached agreement ‌on a memorandum ​of understanding ⁠to extend their ceasefire for 60 days but ‌President Donald Trump has yet to ‌approve it, ‌a ⁠source familiar with ⁠the matter told Reuters.

The news was first ​reported by ‌Axios.

The Trump administration has several times said that a ‌deal to still the ​fighting was close only to ⁠have Iran dispute or downplay the claims.

In ‌recent days, Trump has come under pressure from Iran hawks in his own party, ‌who have urged ​him not to make any agreement that ⁠fails to immediately ⁠address Iran's nuclear program.

The White House ‌declined to comment.

Published on May 28, 2026

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