00:00The U.S. and Iran have agreed to extend their ceasefire and unblock the critical Strait
00:05of Hormuz, according to sources speaking with Reuters.
00:08The 60-day ceasefire would give both sides space to negotiate issues, including Iran's
00:13nuclear program.
00:14But U.S. President Donald Trump has not yet approved the deal, and Iranian state media
00:19says it hasn't been finalized.
00:21Meanwhile, the U.S. is expanding sanctions on networks involved in moving, storing and
00:26selling Iranian oil and petrochemicals.
00:28It has frozen assets linked to ships, companies and people it accuses of supporting the trade.
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