US-Iran MOU on 60-day ceasefire extension reached, but Trump must approve, source says

AI Summary

The US and Iran have agreed on a memorandum of understanding to extend the ceasefire for 60 days, pending approval by President Trump. Despite earlier conflicting reports, this signals potential progress in efforts to pause hostilities in the region.

WASHINGTON, May 28 (Reuters) - 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.