U.S. and Iranian negotiators have reached a preliminary agreement on a 60-day memorandum of understanding (MOU) to extend the ceasefire and initiate nuclear program talks, pending final approval from President Trump. The MOU, if signed, would mark a significant diplomatic milestone, focusing on unrestricted shipping through the Strait of Hormuz and the removal of naval mines by Iran within 30 days. Additionally, the U.S. maritime blockade will be lifted in tandem with the resumption of commercial shipping. The agreement includes Iran's commitment not to develop nuclear weapons and prioritizes discussions on handling Iran's highly enriched uranium. The U.S. has also agreed to negotiate lifting sanctions and unfreezing Iranian assets, alongside establishing a mechanism for humanitarian aid to Iran. This MOU represents a crucial step towards addressing nuclear concerns and easing regional tensions.