U.S.-Iran draft deal includes easing port blockade, phased lifting of oil sanctions

According to officials, a draft agreement between the U.S. and Iran includes provisions for the U.S. to ease its blockade on Iranian ports and grant specific sanctions waivers for the country's crude oil exports. The easing of oil sanctions would be considered in phases, contingent on Iran's compliance with the deal. The draft also stipulates that navigation in the Strait of Hormuz must be normalized within 30 days.