US officials say Iran deal would extend ceasefire, reopen Strait of Hormuz

The U.S. and Iran have reached a memorandum of understanding to extend a ceasefire for 60 days, reopen the Strait of Hormuz to commercial shipping, and resume negotiations over Iran's nuclear program. President Donald Trump, Vice President JD Vance, and Iranian Parliament Speaker Mohammad Bagher Ghalibaf electronically signed the agreement, with an in-person ceremony expected in Geneva. The deal also includes lifting the U.S. naval blockade of Iranian ports but leaves questions about tolls on shipping and regional hostilities in Lebanon.