U.S. and Iran are closing in on a 60-day ceasefire extension with nuclear framework, FT reports

AI Summary

The U.S. and Iran are reportedly nearing a 60-day extension to their fragile ceasefire, which has been affected by ongoing skirmishes around the Strait of Hormuz. The negotiations highlight the delicate balance of power in the region and the potential ramifications for international security and diplomacy.

A fragile ceasefire has been in place since April 8, punctuated by skirmishes as the U.S. and Iran jockey over the Strait of Hormuz.