Report says Iran and U.S. reach outline ceasefire deal after latest attacks

WASHINGTON/DUBAI, May 28 (Reuters) – The United States and Iran have reached an outline agreement to extend their ceasefire pending the approval of ​President Donald Trump, according to an Axios report, after Iran targeted a U.S. ‌air base in Kuwait on Thursday in the wake of U.S. strikes on what Washington described as an Iranian drone operation.

According to the report by Axios, the two sides agreed on a 60-day memorandum of understanding to extend the ​truce and launch negotiations on Iran’s nuclear program but the plan still needed Trump’s signoff.

Oil ​prices reversed course to trade lower after the report.

The latest attacks, while limited, highlighted ⁠the fragility of negotiations to turn the tenuous early-April ceasefire into a lasting agreement to end ​the three-month-old war that has killed thousands, and reopen the vital Strait of Hormuz shipping route.

U.S. Central Command ​said U.S. forces had shot down five Iranian attack drones and struck a ground control station in the port city of Bandar Abbas that was about to launch a sixth. Kuwaiti forces had then intercepted a ballistic missile ​fired towards the country, which hosts a large U.S. base.

“These actions were measured, purely defensive and ​intended to maintain the ceasefire,” a U.S. official, who requested anonymity to speak candidly about military operations, told Reuters ‌earlier.

The ⁠Islamic Revolutionary Guard Corps said it had targeted the U.S. base responsible for an early-morning attack near Bandar Abbas airport and that any repeat would lead to a “more decisive response”, Tasnim news agency reported.

Kuwait condemned the attack and demanded that Iran immediately halt what it called a serious escalation.

The violence, ​the second flare-up this week, ​coincided with the Muslim ⁠holiday of Eid al-Adha celebrated across the region, where multiple countries have been caught up in the conflict triggered by U.S. and Israeli attacks on ​Iran on February 28.

Mediator Pakistan said its foreign minister, Ishaq Dar, would ​meet U.S. ⁠Secretary of State Marco Rubio in Washington on Friday, although the significance of his visit was unclear.

In Lebanon, which Iran says must be part of any overall peace deal, Israel said it had begun striking ⁠infrastructure ​of Iran-backed Hezbollah militants in the southern city of Tyre ​and had carried out a strike in the capital Beirut.