The United States and Iran are on the verge of agreeing to a 60-day extension of the current ceasefire agreement, during which most issues that arose during the negotiations would be addressed, The Financial Times reported on Saturday.
The report notes that the terms of this deal would include the gradual reopening of the Strait of Hormuz, a key issue raised by both the US and Iran after each country imposed closures and blockades of the waterway.
This is a developing story.