US, Iran Reach Deal on Extended Ceasefire Pending Trump Approval

By Jeff Mason and Eltaf Najafizada

May 29, 2026 (Bloomberg) –The US and Iran have reached a preliminary deal to extend a ceasefire by 60 days and discuss the future of Tehran’s nuclear program, a person with knowledge of the matter said, buoying hopes for a resolution to a three-month conflict that has killed thousands and roiled the global economy.

The person, who spoke on condition of anonymity because the negotiations are private, confirmed an earlier report from Axios. President Donald Trump has yet to agree to the terms. Both countries have previously hailed progress, with Trump repeatedly indicating the US was