Live Updates > Live Update Details
2026-05-25 21:14:12
[Preliminary Agreement Emerges Between the US and Iran on the Strait of Hormuz: 60-Day Ceasefire to Lift Navigation Barrier, Nuclear Issue Remains to be Addressed] ⑴ According to a memorandum of understanding reached between the US and Iran, the two sides agreed to extend the current ceasefire for 60 days. During this period, the Strait of Hormuz will be reopened, allowing Iran to freely sell oil (i.e., lifting the maritime blockade), while negotiations will begin on measures to limit Iran's nuclear program. ⑵ Senior White House officials stated that the US has not yet committed to immediately unfreezing Iranian assets or lifting sanctions, which is a prerequisite for Iran to maintain the agreement. The main disagreement between the two sides centers on the handling of approximately 400 kilograms of enriched uranium: the US demands a 20-year suspension of uranium enrichment activities, while Iran insists on a shorter period and that uranium enrichment must be carried out within its own territory and subject to regional rather than international supervision. ⑶ Israeli Prime Minister Netanyahu has convened his security cabinet to assess the situation, fearing that the agreement will alleviate economic and military pressure on the Iranian regime at a time of vulnerability, while failing to resolve the Hezbollah issue in Lebanon. Gulf states are also uneasy, worried that Iran will use the Strait of Hormuz as leverage to become stronger than before the war. (4) From a trading psychology perspective, oil market analysts caution that "this seems like a major breakthrough, but similar clauses have previously broken down due to different interpretations." The market remains cautious about this framework agreement—Trump has stated that he is not in a hurry to finalize the agreement, the maritime blockade will continue until it is signed and certified, and all thorny issues such as the nuclear program have been postponed to subsequent negotiations. This phased strategy is similar to the Gaza ceasefire model, which has not yet resolved its core disputes seven months later.
