American and Iranian officials have reportedly drafted a provisional 60-day agreement that would preserve the current ceasefire and open formal negotiations over Tehran’s nuclear program, according to a report by Axios.

The report, citing two American officials and a regional figure involved in the mediation process, said President Donald Trump has not yet signed off on the proposed arrangement.

If finalized, the understanding would represent one of the most significant diplomatic breakthroughs since the war erupted, although major disputes tied to Iran’s nuclear ambitions would still need to be resolved in follow-up negotiations.

According to US officials quoted in the report, negotiators had largely completed the framework of the agreement by Tuesday, with final authorization still required from top decision-makers in Washington and Tehran.

Those officials said Iranian envoys later notified mediators that Tehran’s leadership had approved the proposal and was prepared to move forward with signing it. Iranian authorities have not publicly commented on the report.

American negotiators subsequently presented the details of the deal to President Trump, though he stopped short of immediately approving it. One US official said the President informed mediators that he wanted a few days to weigh the proposal before making a final decision.

Axios reported that Trump and senior aides had believed several times earlier in the conflict that a breakthrough was close, but each attempt ultimately collapsed before an agreement could be finalized.

Under the draft terms, maritime traffic through the Strait of Hormuz would continue uninterrupted. One US official said the deal would bar Iran from imposing shipping tolls or interfering with vessels and would obligate Tehran to clear all naval mines from the strategic waterway within 30 days.

The report said the American naval blockade would then be phased out gradually as commercial shipping operations resumed.

US officials also said the agreement would contain a pledge by Iran not to seek nuclear weapons. During the 60-day period, talks would initially center on the fate of Iran’s stockpile of highly enriched uranium, as well as Tehran’s enrichment activities.

According to Axios, Washington would also agree to discuss easing sanctions and unlocking frozen Iranian assets during the negotiations. The proposed memorandum would further include talks aimed at establishing channels for humanitarian aid and the transfer of goods into Iran.