Iranian state television reported on May 27 that it had obtained a draft memorandum of understanding with the United States that would reopen the Strait of Hormuz to commercial shipping within 30 days and end the American naval blockade. The White House wasted no time responding, calling the claim a “complete fabrication.”
Roughly 20-25% of global oil trade flows through the Strait of Hormuz, making any disruption there significant for global energy markets.
What Iran says happened, and what Washington says didn’t
According to the Iranian broadcast, the draft MOU would restore commercial shipping through the strait to pre-war levels within one month. In exchange, the US would lift its naval blockade and withdraw military forces from the area.
The US naval blockade of Iran began on April 13, 2026, following failed diplomatic talks in Islamabad.
