U.S. Treasury Secretary Scott Bessent spoke at a White House press briefing on Thursday, stating that Iran must surrender its highly enriched uranium, forgo nuclear weapons, and ensure free navigation in the Strait of Hormuz. Axios reported a tentative 60-day memorandum of understanding between U.S. and Iranian negotiators to extend an existing ceasefire, though President Trump has not approved it. Multiple outlets confirmed the briefing details and conditions for any sanctions relief.