Axios: US and Iran reach 60-day peace agreement MOU! The blockade of the Hormuz Strait is imminent, just waiting for Trump's final approval

After months of twists and turns, the real peace agreement between the U.S. and Iran has finally come to light! According to an exclusive report by Axios today (28th), the United States and Iran have successfully reached a consensus on a “60-day Memorandum of Understanding (MOU).” The agreement establishes unlimited shipping through the Strait of Hormuz, requires Iran to clear mines within 30 days, and launches negotiations concerning the nuclear program and sanctions relief. It is reported that Iran has given its assent, but U.S. President Trump has not yet signed after receiving a briefing, saying he needs a few days to consider. This is also the closest the two sides have come to peace since the outbreak of the war.
(Backgrounder: The White House slams Iran’s “peace agreement draft”: completely fabricated—do not believe fake news.)
(Additional background: Iran updates the “U.S.-Iran Memorandum of Understanding (MOU)” framework: demands $12 billion in frozen funds, tolls through the Strait of Hormuz...)

Table of Contents

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• Behind the Negotiations: Iran Has Agreed, Trump “Needs a Few Days to Think”
• Core Terms of the 60-Day MOU Revealed: Strait Passage and Nuclear Weapons Restrictions
  • 1. Full Unblocking of the Strait of Hormuz (Strait of Hormuz)
  • 2. Mutual Commitments on Nuclear Issues and U.S. Sanctions

After experiencing chaos in which both sides traded statements and refuted each other through the media, a major breakthrough has finally been made in the substantive peace agreement between the U.S. and Iran.

According to an exclusive report by Axios senior reporter Barak Ravid on May 28, 2026—citing two U.S. officials and a regional mediator—negotiators from the U.S. and Iran have already reached a substantive agreement on a 60-day Memorandum of Understanding (MOU). The purpose of this agreement is to extend the current ceasefire and create room for negotiations over the thorny Iranian nuclear program.

This development is viewed as the most significant diplomatic breakthrough achieved by both sides since the outbreak of the war. However, the memorandum is still stuck at the final hurdle: U.S. President Donald Trump has not yet granted final approval.

Behind the Negotiations: Iran Has Agreed, Trump “Needs a Few Days to Think”

The report states that as of around Tuesday this week (26th), the various terms of the agreement had been largely finalized at the negotiating table. The representatives then immediately sent the draft back home to seek final approval from senior authorities.

U.S. officials said that Iran subsequently responded, saying it had obtained the necessary authorization at the highest level and was ready to sign the agreement (although Iran’s official side has not publicly confirmed this). After that, the U.S. negotiating team submitted the details of the final version of the agreement to Trump, but Trump did not sign immediately. It is understood that Trump conveyed a message to Iran via a mediator: “The President needs a few days to think.”

Looking back at the early stages of the war, Trump and his staff had repeatedly believed that an agreement was imminent, but ultimately it fell apart due to all kinds of variables—perhaps explaining Trump’s cautious approach when facing the final draft this time.

Core Terms of the 60-Day MOU Revealed: Strait Passage and Nuclear Weapons Restrictions

Completely different from the earlier “fake draft” unilaterally released by Iranian official media (demanding tolls and $12 billion), according to the content disclosed by U.S. officials to Axios, this real 60-day MOU includes pragmatic concessions and commitments from both sides:

1. Full Unblocking of the Strait of Hormuz (Strait of Hormuz)

• Unrestricted Shipping: Commercial shipping through the strait will return to an “unrestricted” status, with a clear ban on the collection of any form of passage fees or harassment.
• Mine Clearance: Iran must commit to thoroughly clearing all mines it has laid in the strait within 30 days.
• Lifting the Blockade: In response, the U.S. Navy’s blockade of the strait will be lifted gradually, with the pace proportional to the “actual level of commercial shipping resumption.”

2. Mutual Commitments on Nuclear Issues and U.S. Sanctions

• Iran’s Nuclear Commitment: Iran explicitly commits to “not pursuing nuclear weapons.” Within this 60-day negotiation window, both sides will prioritize discussions on how to properly handle Iran’s current stockpile of highly enriched uranium and its enrichment activities.
• U.S. Sanctions Relief: The U.S. agrees to discuss sanctions relief during the negotiations and the possible release of Iran’s frozen overseas funds.
• Humanitarian Relief: Both sides will begin discussions on establishing a secure mechanism to help Iran start receiving essential consumer goods and humanitarian aid supplies.

At present, global crude oil and financial markets are holding their breath. As long as Trump gives the green light and signs, this 60-day memorandum of understanding will not only put the brakes on developments in the Middle East, but may also become a historic turning point in reshaping the geopolitical map of the Persian Gulf.