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Iran has denied reports that a 60-day ceasefire deal with the United States has been finalized, even as negotiations continue and President Donald Trump is yet to approve the proposed truce. Rising tensions, fresh sanctions, military exchanges, and uncertainty over the Strait of Hormuz have kept global oil markets and investors on edge.
Reviewed and Rewrite by
Rudransh Sangwan
“If this action is repeated, the US military will face a firm response” the IRAN Guards said in a statement on their Sepah News website, as tensions between the United States and Iran continued to escalate despite reports of a possible ceasefire agreement.
Iran on Friday denied media reports suggesting that a 60-day ceasefire memorandum between Washington and Tehran had been finalized. Iranian officials stated that the proposed agreement is still under discussion and that no final text has been approved or communicated through diplomatic channels.
The denial comes after reports claimed that both countries had reached a tentative understanding aimed at extending the fragile ceasefire, reopening the Strait of Hormuz, and launching formal negotiations on Iran’s nuclear program. However, Iranian authorities clarified that negotiations remain ongoing and key issues have yet to be resolved.
Meanwhile, US Vice President JD Vance indicated that President Donald Trump has not yet approved the proposed agreement, saying discussions are still underway over sensitive matters including Iran’s uranium enrichment activities and nuclear stockpiles.
The conflict intensified further after Iran claimed it targeted a US military base in retaliation for recent American strikes near Bandar Abbas. Tehran also condemned Washington’s latest sanctions targeting Iran’s military-linked oil trade and the newly established Persian Gulf Strait Authority.
Key developments include: • Iran denies reports that a ceasefire agreement has been finalized. • Trump has yet to approve the proposed 60-day truce. • Nuclear negotiations remain a major sticking point. • Fresh US sanctions have been imposed on Iran's oil network. • Strait of Hormuz reopening plans remain uncertain.
The uncertainty surrounding the ceasefire has kept global markets on edge, with investors closely monitoring developments in the Middle East. Oil prices remained volatile as traders weighed conflicting signals over the prospects of de-escalation and the future of shipping routes through the strategically important Strait of Hormuz.
