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US dollar53.10EGPEuro59.36EGPBritish pound70.22EGPSaudi riyal14.16EGPUAE dirham14.46EGPKuwaiti dinar170.85EGPJordanian dinar74.89EGPQatari riyal14.59EGPTurkish lira1.07EGPChinese yuan7.92EGPGold 247,090.77EGP/gGold 216,204.43EGP/gGold 185,318.08EGP/gSilver96.78EGP/g

Middle East

Proposed US-Iran deal involves opening strait during 60-day ceasefire extension

By Al-Monitor · May 24, 2026 · 1 min read Al-Monitor ↗

May 23 (Reuters) – The U.S. and Iran areclose to signing a dealinvolving a 60-day ceasefire extension, during which the Strait of Hormuz would be reopened,Iranwould be able to freely sell oil and negotiations would be held on curbing Iran’s nuclear program, Axios reported on Saturday, citing a U.S. official.

According to the Axios report, during the 60-day period, the Strait of Hormuz would be open with no tolls and Iran would agree to clear the mines it deployed in the strait to let ships pass freely.

المصدر: Al-Monitor

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