Iran and the US are negotiating a draft deal that includes lifting oil sanctions, easing naval blockades, and limiting Iran's nuclear activities in exchange for asset releases.

A tentative US-Iran MoU would reopen the Strait of Hormuz, extend the ceasefire 60 days, and link sanctions relief to nuclear compliance. Here's what it

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