Big Breaking: US–Iran likely to extend 60-day ceasefire under MoU agreement

A major geopolitical update suggests that the United States and Iran may agree to extend a 60-day ceasefire under a proposed Memorandum of Understanding (MoU). According to sources, the deal could include keeping the Hormuz Strait open without any toll or restrictions, ensuring smooth global oil and energy supply routes. The US may also lift certain naval restrictions, while Iran could pause aspects of its toll and control measures in the region. The agreement is expected to include discussions on Iran’s nuclear program, which remains a key point of contention. If finalized, the deal could bring temporary relief to global markets and ease energy supply concerns, especially for countries like India that depend heavily on the region’s oil routes. At the same time, the global security environment remains tense, with major developments unfolding across multiple fronts, including intensified Russia–Ukraine conflict and a deadly suicide attack on Pakistan’s Jaffar Express in Quetta, highlighting rising instability in different parts of the world. Overall, the potential US–Iran ceasefire extension is seen as a significant diplomatic development amid ongoing global conflicts.