The US and Iran have agreed on a draft deal called the Islamabad Agreement, extending the ceasefire, reopening the Strait of Hormuz, and unlocking sanctions

Iran has reportedly agreed in principle to a US-backed deal covering the Strait of Hormuz, frozen assets and future nuclear talks, pending final approval.

DUBAI: A report from Axios said that US and Iran are close to signing a memorandum of understanding, which particularly calls for the immediate reopening of the Strait of Hormuz…