Iran says draft of US deal would reopen Hormuz, end naval blockade

Iran says draft of US deal would reopen Hormuz, end naval blockade Tehran has received a draft of the initial unofficial framework for a memorandum of understanding with the US, Iranian state TV reported on Wednesday. According to the report, Washington has agreed to withdraw its military forces from the vicinity of Iran and lift its naval blockade in exchange for Tehran restoring commercial transit through the Strait of Hormuz to pre-war levels within one month. Military vessels are not included in the agreement, Iranian state TV said, adding that traffic management and shipping routes through the strait would be overseen by Iran in coordination with Oman.