Iran Draft Deal Would Reopen Strait of Hormuz, State TV Reports

A draft memorandum circulating between Washington and Tehran would lift the US naval blockade and restore shipping through the world's most critical oil chokepoint, Iranian state television reported Tuesday.

Iran's state TV says a draft deal would allow commercial shipping to resume through the Strait of Hormuz.
Under the reported terms, the United States would lift its naval blockade of Iranian waters.
Trump hosted his 12th cabinet meeting Tuesday as negotiations continued amid conflicting signals from both sides.
The nearly three-month war has disrupted global oil flows through the strait, which handles roughly 20 percent of world petroleum traffic.
No official confirmation of the draft memorandum has come from the White House or the US State Department.

Iran's state television reported Tuesday that a draft memorandum of understanding between Tehran and Washington would reopen the Strait of Hormuz to commercial shipping and end the US naval blockade that has choked the waterway for nearly three months.

The report named no specific timeline for implementation and did not identify which negotiators drafted the document.

President Donald Trump hosted his 12th cabinet meeting Tuesday as diplomats continued talks aimed at ending the conflict, now entering its third month. The White House issued no statement confirming the draft terms described by Iranian state media.

Conflicting signals have marked the negotiating process for weeks. Iranian officials have publicly demanded full sanctions relief before any agreement is signed, a condition US officials have not publicly accepted.

The Strait of Hormuz is the transit point for roughly one-fifth of global oil supply. Its closure has driven energy price volatility in European and Asian markets since the blockade began in early March.

Israeli strikes in Lebanon continued Tuesday, according to reports reviewed by the Wail, complicating the broader regional diplomatic picture.

A formal joint statement, if any, is expected to emerge from ongoing talks later this week. No date for a signing ceremony has been announced.