Iran says draft deal with US would reopen Hormuz shipping, end naval blockade
May 27, 2026
(BOE Report) – Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict. Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from Iran’s vicinity
