Iran and US Draft MoU Includes Lifting Naval Blockade, Reopening Strait of Hormuz
According to Iran's Mehr news agency, a 14-article draft memorandum between Iran and the US proposes lifting the naval blockade and reopening the Strait of Hormuz within 30 days, along with suspending sanctions on Iranian oil and petrochemical sales.
Iran's Mehr news agency reports that a 14-article draft memorandum of understanding between Iran and the United States includes key provisions aimed at de-escalating tensions.
The draft reportedly calls for a complete lifting of the US naval blockade and the reopening of the Strait of Hormuz within 30 days. Additionally, it proposes the suspension of sanctions on Iranian oil and petrochemical sales.
The report, cited by a monitoring source, provides no further details on the status of negotiations or whether the document has been formally exchanged.
Source: First Squawk