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AXIOS: The Trump administration and Iran are reportedly close to a deal to end the war, with remaining gaps focused on the wording of several points.
Posted Zero hedge
Summary
- Mediators believe they are edging closer to a deal to extend the US ceasefire with Iran by 60 days
- Rubio from India: “There’s been some progress made. Even as I speak to you now, there’s some work being done.”
- Trump says he’s a “solid 50/50” whether he would be able to make a “good” deal or else “blow them to kingdom come”.
- Waiting game in Tehran, via Iran Foreign Ministry: “We need to wait and see what happens over the next three to four days.”
- CBS says White House, Pentagon currently preparing for a new potential round of military strikes against Iran within the next three days.
- Trump, officials have canceled prior travel plans: Trump says “Circumstances pertaining to Government” are keeping him from attending his son Donald Trump Jr.’s wedding this weekend.
US and Iran Move Closer to Extending Ceasefire by 60 days, say Mediators
The FT reports that mediators believe they are edging closer to a deal to extend the US ceasefire with Iran by 60 days and lay the framework for discussions on the Islamic republic’s nuclear programme.
People briefed on the high-stakes talks said it would include a gradual reopening of the Strait of Hormuz and a commitment to discuss the diluting or handing over of Iran’s stockpile of highly enriched uranium.
🇮🇷 Iran’s foreign ministry spokesman:
▫️We are focused on finalizing the MOU
▫️A 30 and 60 day timeframe is included in the text of the MOU.
▫️But as long as the MOU has not been agreed, this period has not yet begun.
▫️Over the past week, the two sides’ positions have been… pic.twitter.com/GXzrKHj4WI
— Nader Itayim | نادر ایتیّم (@ncitayim) May 23, 2026
The US would also ease its blockade of Iranian ports and, in phases, agree to sanctions relief and unfreezing Tehran’s assets held overseas.

Donald Trump told Axios on Saturday that he would meet his senior officials to discuss the proposal, but the US president added it was a “solid 50/50” whether he would be able to make a “good” deal or else “blow them to kingdom come”.
He was also expected to hold a call with the leaders of Saudi Arabia, Pakistan, Qatar, the United Arab Emirates, Egypt and Turkey on Saturday, an Arab official said.
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