Iranian media obtained a draft of an unofficial framework for a memorandum of understanding between the U.S. and Iran, which would end the conflict. Under the terms of the framework, Iran would allow commercial shipping through the Strait of Hormuz, and within a month, restore it to levels it was at before the conflict began, Reuters reported.
The deal would exclude military vessels and allows Iran to manage ship traffic through the strait in partnership with Oman. The framework hasn’t been finalized and Tehran has no plans to act on the document without “tangible verification.”
If a final agreement were to be reached within 60 days, it could be approved as a binding U.N. Security Council resolution.
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