Iran's state TV said it had obtained a draft of an initial unofficial framework for a memorandum of understanding with the United States.

The US and Iran are nearing a 14-point framework deal to end the war and reopen the Strait of Hormuz, with Bitcoin and crypto markets reacting to every twist.

The memorandum of understanding being negotiated between Iran and the US will call for US military forces to withdraw from Iran’s vicinity and lift the blockade of Iranian ports…