According to reports, the United States and Iran are discussing a plan to reopen the Strait of Hormuz approximately 30 days after reaching an agreement to cease hostilities. Under this plan, Iran would clear mines from the strait within 30 days following the agreement's conclusion. Subsequently, vessels from all nations would be able to navigate the strait freely and safely, as was the case prior to its de facto closure. Iran will not impose transit fees.

Brent crude oil futures for July delivery fell by $7.40, a decline exceeding 7.14%, closing at $96.14 per barrel.

A ceasefire initially agreed upon by the U.S. and Iran in early April will be extended by 60 days. During this two-month truce, negotiations concerning Iran's nuclear program are planned, with specific measures to address Iran's uranium enrichment to be formulated. The lifting of U.S. sanctions and the unfreezing of Iranian assets will be implemented in phases.

Following the initial report, Middle Eastern media indicated on Monday that Qatari mediation had facilitated an understanding with the U.S. regarding frozen Iranian financial assets. With alignment reached on this critical issue for Iran, an agreement between the U.S. and Iran is likely to be announced on Tuesday local time.

The cessation of hostilities is intended to include the region of Lebanon. Iran has demanded that Israel halt attacks on Hezbollah as a condition for ending the conflict. Concurrently, Israel has called for the disarmament of Hezbollah.

Reportedly, the approval of Iran's Supreme Leader Ayatollah Mojtaba Khamenei is pivotal for the proposed agreement. The ultimate prospect of reaching a deal remains uncertain.

On Monday, a former U.S. official stated on social media that negotiations with Iran were progressing smoothly, emphasizing that the outcome would either be "a great and meaningful agreement" or "no agreement at all." The official explicitly stated that no deal paving the way for Iran to obtain nuclear weapons would be signed.

Also on Monday, a spokesperson for Iran's Ministry of Foreign Affairs stated that conclusions had been reached in many areas, but the country remained far from signing an agreement.

On Sunday, the former U.S. President wrote on social media that he had instructed his representatives "not to rush into a deal."