Iran and United States reach tentative ceasefire agreement pending final ratification

May 29, 2026, 3:49:18 PM UTC(1 hour ago)

Impact: Medium

Affected Assets

Negotiators have reached a tentative 60-day memorandum of understanding to extend the current ceasefire and initiate broader nuclear talks.
President Donald Trump has indicated the agreement is largely negotiated but remains subject to his final approval and determination.
Iranian semi-official media reports that the text has not yet been finalized or made definitive by Tehran leadership.
Key sticking points remain regarding Iran's enriched uranium stockpile and control over the Strait of Hormuz.
China is reportedly pressing for the United Nations Security Council to ratify any final agreement reached between the parties.

🚨 AGREEMENT IS IN THE FINAL STAGES OF RATIFICATION IN IRAN AND A FINAL DECISION HAS NOT YET BEEN MADE - SOURCE SAYS