Hormuz is reopened to navigation, sanctions are eased, and the nuclear commitment is renewed—this familiar script makes me want to check the historical K-line.

According to AXIOS, the United States and Iran are planning to sign a 60-day ceasefire extension, the Strait of Hormuz will be reopened, Iran will be free to sell oil, the U.S. will lift sanctions on Iranian ports, and some sanctions exemptions will be granted. The draft also includes Iran's commitment to never pursue nuclear weapons and a verbal pledge through intermediaries to suspend uranium enrichment. This disclosure has not yet been confirmed by Iran.