Live updates: US, Iran agree to tentative deal to extend ceasefire; Bessent addresses possible Trump $250 bill

The White House has confirmed the U.S. and Iran have reached a tentative agreement to extend the conflict’s ceasefire another two months, as well as open the Strait of Hormuz. President Trump needs to sign off on the arrangement. Axios on Thursday first reported the deal on a 60-day memorandum of understanding that sets a…

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