Details of a draft memorandum between Washington and Tehran have begun to emerge, with a senior Iranian official telling Reuters that the proposed agreement includes Iran's commitment not to produce or acquire nuclear weapons.

U.S. President Donald Trump said Thursday that the Strait of Hormuz would be reopened as soon as a deal is signed.

The US and Iran are finalizing a draft MOU proposing a 60-day ceasefire, reopening the Strait of Hormuz, and sanctions relief while excluding missile talks.