LIVE: Jeff Bezos Reacts After Blue Origin's Glenn Rocket Explodes in Florida

The United States has denied Iran's claim of downing a US jet, as negotiators from both sides edge closer to a formal ceasefire agreement. US sources confirm Washington and Tehran have agreed on a memorandum of understanding that would extend the truce by 60 days and open talks on Iran's nuclear programme. Key terms reportedly include free shipping through the Strait of Hormuz, mine clearance within 30 days, and eased oil sanctions. Vice President JD Vance says a deal is 'very close' but not yet approved by President Trump. Meanwhile, Israeli strikes near Beirut keep regional tensions high.

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