The memorandum of understanding, which is now in effect, was signed by the US and Iran on Wednesday.
It came ahead a scheduled meeting in Switzerland, with US and Iranian representatives, which had been expected on Friday.
Iran’s Speaker of the Parliament Mohammad Bagher Ghalibaf and US Vice-President JD Vance were both expected to attend the signing.
It is not clear whether that will now go ahead.
Meanwhile, both sides have committed within the current agreement to negotiating for a lasting agreement within a provisional deadline of 60 days.
That, however, can be extended and when asked yesterday, Trump told reporters “it could take longer”.
Reopening the Strait of Hormuz among points agreed between US and Iranpublished at 11:38
Image source,ReutersAs we’ve been reporting, a US-Iran agreement to extend a ceasefire has come into effect and centres around 14 core points.
Among those will be the reopening of the Strait of Hormuz.
The US has said it will begin removing its naval blockade – with the agreement outlining that the blockade is set to end fully within 30 days.
Iran, separately, will “make arrangements using its best efforts” to allow safe passage of commercial vessels through the Strait without charges for 60 days.
Among other points, Iran has agreed to not procure or buy a nuclear weapon while the US will terminate all economic sanctions against Iran.
The two countries have agreed to commit to working towards a final deal in a “maximum” of 60 days – this deadline is extendable if there is mutual consent.
