President Donald Trump announced Friday he is holding a high-level Situation Room meeting with advisors to reach a “final determination” on whether to move forward with a proposed extension of the ceasefire with Iran.

The tentative agreement under discussion would pause the three-month-old conflict for 60 days while new negotiations begin on Iran’s nuclear program. Key sticking points include what happens to Iran’s stockpile of highly enriched uranium, currently at 60% purity, and ensuring Iran cannot impose tolls or maintain mines in the Strait of Hormuz, a critical global energy chokepoint.

Vice President JD Vance said Thursday that negotiators were still working through “a couple of language points,” particularly regarding the highly enriched uranium stockpile and enrichment capabilities. Trump has maintained that Iran must never be allowed to develop a nuclear weapon.

Iranian officials have expressed deep skepticism. Parliament Speaker Mohammad Bagher Qalibaf stated Friday that Iran places no trust in U.S. guarantees and believes strength, not negotiations, yields results.

The proposed deal would also see the U.S. gradually lift its naval blockade on Iranian ports and ease some sanctions in exchange for Iranian compliance on the Strait of Hormuz. However, the U.S. Treasury Department this week imposed new sanctions on Iran’s military oil sales network, signaling continued economic pressure.

The ceasefire has been repeatedly tested since it began seven weeks ago, with both sides accusing each other of violations. The Trump administration continues to balance diplomatic efforts with a firm stance against Iranian aggression in the region.