Tensions between Iran and the United States remain high, with US Treasury Secretary Scott Bessent stating that the Trump administration does not possess “unlimited patience” in its ongoing negotiations with Tehran regarding a potential ceasefire extension. Bessent attributed delays in reaching an agreement to “trouble communicating” with the Iranian government, emphasizing President Trump’s core demands: the opening of the Strait of Hormuz, Iran’s commitment to not pursue a nuclear program, and the surrender of its enriched uranium supply.
Reports circulated about a 60-day memorandum of understanding (MOU) for a ceasefire extension, reportedly awaiting Trump’s approval, which Iranian state media promptly denied as unfinalized. The alleged MOU would entail unrestricted shipping through the Strait of Hormuz, Iran removing all mines from the oil passageway, the lifting of a US naval blockade, and Iran’s pledge not to develop nuclear weapons.
Amidst these diplomatic complexities, military incidents continue. The US military refuted claims by Iranian forces of downing an American aircraft near Bushehr, a southern port city. Conversely, Iranian media reported intercepting a US drone in the vicinity. President Trump reportedly threatened Oman over its stance on the Strait of Hormuz and the Abraham Accords. Furthermore, the US imposed fresh sanctions on Iran’s military oil sales, targeting eight vessels, with Secretary Bessent affirming the US intent to prevent Iran from leveraging oil revenue for military expansion. Iran, for its part, launched missiles from its southern regions towards “specified targets” and reportedly targeted an American airbase in retaliation for earlier US strikes. US Vice President JD Vance indicated that while a deal is not yet finalized, Washington and Tehran are “close” to an agreement that could substantially set back Iran’s nuclear program.
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