Interim U.S.-Iran pact hands Tehran leverage as talks extend 60 days

Trump and Iran sign a 14-point memorandum of understanding to extend the ceasefire for 60 days and pursue a final agreement, including a $300 billion reconstruction fund and broad sanctions relief. Tehran gains strategic leverage, notably over shipping through the Strait of Hormuz, while Washington aims to seal a broader deal. Markets reacted with a stock surge and lower oil prices, but analysts warn many details remain, and Tehran’s position could strengthen in negotiations.