Axios reports that U.S. and Iranian negotiators have reached agreement on a 60-day Memorandum of Understanding to extend a ceasefire and start talks on Iran's nuclear program, but it still requires President Trump's final personal approval. Negotiators mostly finalized terms by Tuesday. Iran reportedly signaled readiness to sign, while the U.S. side briefed Trump, who asked for a few days to review it. The most significant diplomatic step since the war began, though a full permanent deal would need much more negotiation. However, this is not a final peace treaty or comprehensive nuclear deal, it's a short-term bridge to pause active fighting and buy time for harder talks.