United States on Thursday imposed fresh sanctions targeting Iran's military-linked oil trade network, despite reports suggested that Washington and Tehran have reached a tentative agreement to extend their ceasefire and ease restrictions on shipping through the Strait of Hormuz.

Iran state TV reports draft US deal to lift naval blockade, reopen Strait of Hormuz traffic and pave way for possible US troop withdrawal from the Gulf.

NEW YORK - The Persian Gulf Strait Authority, an Iranian authority overseeing shipping control in the Strait of Hormuz, has been added to the Specially Designated Nationals List…