Iran State TV Reports Draft US Deal to Reopen Hormuz
Iran state TV reports a draft deal with the U.S. to restore Hormuz shipping to pre-war levels. The plan would end the naval blockade and withdraw U.S. forces.
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Iran and the United States are reportedly reviewing a draft framework to restore Strait of Hormuz shipping to pre-war levels within one month. The deal would end a naval blockade and trigger a withdrawal of American military forces from the immediate region. Reopening this critical chokepoint would immediately ease supply risk premiums for Brent Crude Oil and West Texas Oil.
