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U.S. President Donald Trump said he would make a "final determination" but left unsigned a tentative memorandum of understanding reached between U.S. and Iranian negotiators to extend a fragile ceasefire and reopen the Strait of Hormuz.
The draft would extend the early-April truce for 60 days, lift a U.S. naval blockade on Iranian ports and allow shipping through Hormuz while teams negotiate more contentious issues including Iranâs nuclear programme, sanctions relief and frozen assets.
Trump reiterated red lines â Tehran must never obtain a nuclear weapon, mines must be cleared and the strait reopened without tolls â demands Tehran has publicly rejected.
Iranian state media and officials said no final deal has been agreed.
Limited strikes and drone incidents this week, including exchanges near Bandar Abbas, underscored the ceasefire's fragility.
U.S. defence officials have warned Washington remains capable of resuming hostilities if diplomacy fails.
Markets reacted to the reporting, with oil prices easing on the prospect of Hormuz reopening but significant hurdles remain, including sequencing of nuclear safeguards, sanctions relief and Lebanon-related security concerns.






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