ERBIL, Kurdistan Region of Iraq - Iranian semi-official media on Thursday, citing an informed source, denied claims by some Western media outlets that a possible memorandum of understanding (MoU) between Tehran and Washington had been finalized, saying no final agreement text has yet been approved.

Earlier in the day, Axios, citing US officials, reported that a 60-day ceasefire extension had been agreed upon and was awaiting approval by US President Donald Trump.

A source close to Iran’s negotiating team told Tasnim News Agency that “reports claiming the text of the possible MoU had been completed and was only awaiting announcement by both sides were not true.”

“Contrary to the claims of some Western sources that the text of the so-called memorandum of understanding between Iran and the US has been finalized, this is not true and the text has not yet been finalized,” the source said.

The source added that Iran has not informed the Pakistani mediator that negotiations over the text have concluded.

“Iran has not yet announced the finalization of the text to the Pakistani mediator,” the source said, adding that any reports from Western outlets claiming the matter had been finalized were “not valid” until Tehran officially confirms it.

The remarks come amid ongoing indirect talks between Iran and the United States aimed at reaching a new understanding over Tehran’s nuclear program and regional tensions.

According to the memorandum of understanding reported by Axios, the Strait of Hormuz would reopen without restrictions or tolls, Iran would remove naval mines within 30 days, and the US would lift its naval blockade on Iranian ports and issue sanctions waivers allowing Tehran to resume oil exports.

Speaking at a presser on Thursday, US Treasury Secretary Scott Bessent said that Trump "has made it very clear. Iran has to turn over their highly enriched uranium. They can not pursue a nuclear weapon, and the Strait of Hormuz has to have free transit."

"He’s not going to take a bad deal. He's going to make a great deal for the American people," he continued.

Pakistan has mediated indirect talks between the two sides since April, though negotiations have repeatedly stalled over what each side described as excessive demands.

Trump said earlier this week that an agreement had been “largely negotiated” and was awaiting finalization.