US, Iran close to agreeing a 60-day ceasefire extention

Key Points:

• The United States and Iran are close to agreeing on a 60-day extension of the current ceasefire, which would address key issues including the gradual reopening of the Strait of Hormuz, a critical waterway recently blocked by both nations.
• President Donald Trump indicated a "50/50 chance" of either signing the deal or resuming conflict, with a decision expected soon following consultations with his security cabinet; he noted negotiations are progressing daily but did not disclose specifics.
• Pakistani Army Chief Field Marshal Asim Munir concluded productive talks in Tehran with Iranian officials, reporting encouraging progress toward a final understanding to end the war.
• US Secretary of State Marco Rubio acknowledged some progress in talks with Iran and suggested the US might announce developments imminently, despite prior reports of Trump’s frustration with diplomacy and potential resumption of attacks.
• Iranian officials stated that while an agreement is "very far yet close," US position shifts complicate progress; Iran prioritizes ending the war, including fighting in Lebanon, and views the Strait of Hormuz issue as a regional matter involving Gulf States, not the US.