Iran reportedly launches missiles as Trump mulls deal to pause war for two months
Iran's military launched missiles at unidentified targets shortly after reports of a potential temporary agreement with the U.S. to pause the ongoing war. President Trump has yet to approve the deal, which includes conditions regarding Iran's nuclear program. Despite the military actions, stock markets showed optimism due to the diplomatic developments.
- ▪Iran's armed forces fired missiles in southern Iran as tensions rise in the region.
- ▪A White House official confirmed that the U.S. and Iran have mostly agreed to terms for a temporary ceasefire.
- ▪President Trump has several conditions that must be met for any agreement, including Iran's nuclear commitments.
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| Original publisher | CNBC — Top |
| Canonical URL | https://www.cnbc.com/2026/05/28/trump-bessent-iran-war-sanctions-hormuz-strait-kuwait.html |
| Publication time | Thu, 28 May 2026 20:33:30 GMT |
| Retrieval time | 2026-05-28T20:39:37.560Z |
| Last seen | 2026-05-28T20:39:37.560Z |
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Opening excerpt (first ~120 words) tap to expand
Iran's armed forces fired missiles at unidentified targets late Thursday local time, the state media outlet Fars reported.The military action in southern Iran was reported just hours after a White House official confirmed to CNBC that the U.S. and Iran have "mostly agreed" to the terms of an agreement to temporarily end the three-month-old war.But President Donald Trump has yet to give his final approval to the 60-day memorandum of understanding, which would extend an ongoing ceasefire and start nuclear negotiations, according to the official.While U.S. officials said Iranian officials have given the necessary approvals to sign the temporary agreement, Tehran itself has yet to confirm that its senior leadership has signed off, Axios first reported.
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