US, Iran reach draft deal on Strait of Hormuz, sanctions relief

The United States and Iran have reached a draft agreement, according to Arab satellite broadcaster Al Arabiya. The draft includes provisions to guarantee free passage and remove mines in the Strait of Hormuz, with navigation to be normalized within 30 days. Additionally, the U.S. has agreed to ease its blockade on Iranian ports and permit the sale and export of Iranian oil. The deal also outlines specific sanctions waivers for Iran's oil exports, with a phased easing of sanctions contingent on Iran's compliance. Both sides have also committed to continuing nuclear negotiations to achieve a long-term agreement.