The U.S. and Iran reached a “tentative deal” to extend ceasefire.

U.S. officials have projected cautious optimism over a new memorandum of understanding between the U.S. and Iran that could ease restrictions with the Strait of Hormuz. MS NOW Contributor Inzamam

Alice Barr reports from Washington as U.S. and Iranian officials work toward extending a ceasefire agreement still awaiting President Trump’s approval.

US officials earlier told the BBC that the framework of a ceasefire extension deal had been agreed, pending the approval of Trump and Iran's leadership.

The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of Trump, Axios reported on Thursday.

For the second time this week, the United States military conducted defensive strikes on Iranian targets as leaders of the two nations continue to negotiate a long-term peace deal.