Trump weighs Iran truce extension as regional fighting continues

By Aurax Radio | May 29, 2026 | 2 min read

The United States and Iran have reached a tentative framework to extend their fragile ceasefire for 60 days, though the proposal still requires final approval from President Donald Trump and Iran’s leadership. The draft agreement comes as military tensions, shipping security concerns and regional fighting continue across the Middle East.

President Trump has not yet approved the proposed extension of the U.S.-Iran ceasefire.

U.S. and Iranian negotiators, working through regional mediators, have reportedly agreed on a memorandum of understanding that would extend the current truce while opening broader talks on Iran’s nuclear program and regional security issues. According to multiple reports, the proposed framework would also guarantee unrestricted commercial shipping through the Strait of Hormuz, with Iran expected to remove naval mines from the strategic waterway within 30 days.

Officials familiar with the negotiations said Trump has not yet signed off on the agreement and wants additional time to consider the proposal. Iranian officials have also not formally confirmed acceptance of the framework, underscoring the uncertainty surrounding the negotiations despite signs of diplomatic progress.

The proposed extension follows months of military confrontation involving U.S. strikes on Iranian-linked targets, naval operations near the Strait of Hormuz and repeated exchanges involving drones and missile attacks. Washington has described recent military operations as defensive actions aimed at protecting international shipping routes and U.S. assets in the Gulf, while Tehran has accused the United States of violating ceasefire understandings and escalating regional instability.

The Strait of Hormuz remains central to the negotiations because it serves as one of the world’s most important oil transit corridors, carrying a significant share of global energy exports. Concerns over shipping disruptions and rising oil prices have intensified pressure on both sides to prevent further escalation. Financial markets reacted positively to reports of a possible ceasefire extension, with major U.S. indexes rising on hopes that tensions in the Gulf could ease.

The emerging deal has also created political pressure inside Washington, where some Republican lawmakers and foreign policy hawks oppose negotiations involving sanctions relief or renewed nuclear discussions with Iran. At the same time, the Trump administration faces growing economic concerns tied to energy prices and instability in global shipping markets. Regional governments including Oman and Qatar continue to play mediation roles as talks remain ongoing.

Sources: Axios, Reuters, Al Jazeera, Times of Israel, The New Indian Express, Reuters Markets.

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