The US, Iran, and mediators are discussing a 45-day ceasefire — Axios

Initially — a 45-day ceasefire with the possibility of extension, followed by a final agreement to fully end the conflict. Key issues, including the Strait of Hormuz and Iran’s highly enriched uranium, are expected to be addressed in the second phase.

Currently, mediators are trying to secure at least partial concessions. The chances of an agreement in the next 48 hours are slim, but this is currently the last chance to avoid a sharp escalation.