Iran to immediately open Hormuz, US to lift Naval blockade: Draft deal details emerge

AI Summary

A draft deal between Iran and the US has emerged outlining Iran's commitment to not develop nuclear weapons and the reopening of the Strait of Hormuz. The US will lift its naval blockade and provide sanctions relief including the release of frozen Iranian assets as both sides prepare to finalize the deal.

A draft memorandum between Iran and the US reportedly includes Iran's commitment to not produce nuclear weapons and reopening the Strait of Hormuz. The US would lift its naval blockade and provide sanctions relief, including releasing frozen Iranian assets. Both sides are expected to finalize implementation details in the coming days.