The Globe and Mail reports in its Friday edition that on Thursday, the United States and Iran reached an agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz. A Reuters dispatch to The Globe says U.S. President Donald Trump, however, has not yet approved the agreement, and Iranian state media reported that it has not been finalized. The agreement would extend the truce for another 60 days and allow traffic to flow through the strategic waterway while negotiators tackle difficult issues such as Iran's nuclear program. If approved by leadership in Washington and Tehran, it would amount to the biggest step toward peace since the conflict began on Feb. 28. News of the possible agreement came after a round of tit-for-tat attacks between the two countries, the latest such incident since the ceasefire took effect in early April. Iran has yet to comment on the proposed deal. Iran's Tasnim news agency said the text of the agreement had not been finalized or confirmed. The Trump administration has several times said a deal to ?end the fighting was close, only to have Iran dispute such claims. Trump initially said the war would last four to six weeks, but it is now three months old.