Araghchi added that the Strait of Hormuz would not return to the pre-war era, with Iran and Oman maintaining sole sovereignty over the critical waterway.

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…

Iran's draft accord with the U.S. proposes 60 days of negotiations for a nuclear deal and release of $24 billion in assets.