Iran’s state TV is saying that it has a draft of the initial unofficial framework for the Memorandum of Understanding (MoU) with the US. According to the draft, US military forces will withdraw from vicinity of Iran and lift the naval blockade. In return, Iran has committed to restoring the number of commercial transit ships through Hormuz Strait to pre-war levels within one month. The management and route of ship traffic through Strait of Hormuz will be handled by Iran in cooperation with Oman.

This article was written by Giuseppe Dellamotta at investinglive.com.