Iran has committed to restore the number of ship transits through the Strait of Hormuz to pre-war levels within one month if the United States removes their naval blockade and withdraws military forces from the country's vicinity, Iran's State TV reported while citing the initial unofficial framework of the Memorandum of Understanding with the United States.
The MoU further underlined that traffic through Hormuz along with route of ship traffic will be managed jointly by Iran and Oman. Further, military vessels are not included in the draft agreement, as per reports.
Additionally, it said that if a final deal is reached within 60 days, the agreement will be approved in the form of a binding UN security council resolution.
The Islamabad Memorandum framework, however, has not been finalised yet, and therefore, no step will be taken by Iran without tangible verification, the report highlighted.
The reports surfaced as truce discussions between Tehran and Washington face some key hurdles including Iran's opposition on unrestricted access on Hormuz and demand related to $24 billion in frozen assets.
ALSO READ: Brent Slumps Below $95 As 'Leaked' US-Iran MoU Hints At Hormuz Traffic Returning To Pre-War Levels
Earlier in the day, Iran's Islamic Revolutionary Guard Corps said it had fired at several US aircraft after they entered Iranian airspace.
Despite the renewed hostilities, US Secretary of State Marco Rubio said any agreement between Washington and Tehran could still take several days to complete. Failure to reach a deal could prolong a conflict that has driven fuel prices sharply higher.
Iran's Islamic Revolutionary Guard Corps or the IRGC clarified that a renewed war with America was unlikely even after the fresh attacks because of the “enemy's weakness” but, at the same time, vowed to turn Iran's southern territory into a "graveyard" for aggressors.
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