Bloomberg: US-Iran Agree to 60-Day Truce Pending Trump Sign-Off; Trump Reviews Deal with NSC Team — Day 91

Bloomberg reported on May 29, 2026 (Day 91) that the United States and Iran had agreed to a 60-day extension of their truce pending final sign-off by President Trump. Axios confirmed Trump met with his national security team to review the framework and posted on Truth Social signaling near-acceptance of the deal terms — the most concrete indication yet that a formal MoU announcement was imminent. Key confirmed terms of the 60-day framework include: Iran clears mines and Hormuz reopens with no transit tolls; US lifts blockade on Iranian ports and issues sanctions waivers for Iranian oil sales; Iran commits not to pursue a nuclear weapon; a 60-day negotiation window on the disposal of highly enriched uranium and enrichment limits begins. Iranian FM Baghaei tempered expectations: while confirming progress on 'many issues,' he said 'no imminent agreement should be expected.' Brent crude fell approximately 1.2% to ~$92.56/barrel on deal optimism — May 2026 was on track to be oil's worst month since the COVID pandemic, down approximately 19% from the April high of $126/bbl. Despite the Bloomberg and Axios reporting, neither Washington nor Tehran issued a formal joint statement by day's end; the June 2–3 Doha fourth round of direct talks remained the formal diplomatic gate for any MoU signature.