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JD Vance Says U.S., Iran Close to Agreeing on Cease-Fire Extension

Vance said negotiators are close to a deal that would reopen the Strait of Hormuz and ease sanctions on Iranian oil sales.

  • Vice President Vance said on Friday that the United States and Iran are close to finalizing a 60-day MOU to extend their cease-fire, though he cautioned they are "not there yet."
  • The agreement's framework emerged Thursday, one day after the White House dismissed a 14-point draft MOU carried by Iranian state media on Wednesday as a "complete fabrication."
  • Negotiators aim to reopen the Strait of Hormuz and waive sanctions, allowing Iran to sell oil internationally. Vance stated Washington is "well placed to check Iran's ability to develop a nuclear weapon."
  • Global oil prices softened on Friday morning as Brent crude fell $1.47 a barrel to $92.24 in London. The deal could also end fighting between Israel and Hezbollah in Lebanon, though implementation remains unclear.
  • Vance told reporters Thursday that parties are negotiating in good faith despite remaining nuclear enrichment issues. He noted it is difficult to say precisely when President Donald Trump will sign the MOU due to ongoing wording debates.
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Iran said not to rely on words, but to expect "acts" from the United States, which Vice-President J.D. Vance reported "progress" towards an agreement to stop the war in the Middle East.

·Montreal, Canada
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pnt.cl broke the news on Thursday, May 28, 2026.
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