Proposed Iran-U.S. deal would reopen Hormuz strait and lift oil sanctions, Iran state media says
Iranian state media reports a draft Iran-U.S. memorandum proposing to lift oil sanctions in exchange for Iran reopening the Strait of Hormuz. The 14-point document stipulates that final negotiations will commence only after the release of half of Iran's frozen funds, the suspension of oil sanctions, and the lifting of the naval blockade. President Trump indicated a significant settlement regarding the conflict with Iran, pending finalization of the agreement.
The draft version of the Iran-U.S. memorandum of understanding includes a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz, Iranian state media reported Friday.
The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the suspension of Iran’s oil sanctions, and the lifting of the naval blockade, the Mehr News Agency reported.
President Donald Trump on Thursday had claimed that the U.S. “just made a great settlement of the war with Iran,” subject to the “finalization of documents.”
This is breaking news. Please refresh for updates.
