Potential Deal Could Restore Hormuz Traffic to Pre-War Level in 30 Days, Says Iran

Iran's semi-official Tasnim news agency reported today that a potential deal between Iran and the United States stipulates that the number of ships able to transit the Strait of Hormuz would return to the pre-war level within 30 days. 

Iran emphasized it would exercise its sovereignty over the Strait of Hormuz through various means, the details of which will be announced, Tasnim said, adding that the naval blockade against Iran must be fully lifted within 30 days.

A proposed agreement the United States and Iran are close to signing involves a 60-day ceasefire extension during which the Strait of Hormuz would be reopened, Iran would be able to freely sell oil, and negotiations would be held on curbing Iran's nuclear program, Axios quoted a US official as saying on Saturday.

US President Donald Trump also wrote on Saturday that a memorandum of understanding on a peace deal with Iran is "largely negotiated," as both countries and mediators in Pakistan reported progress.

Trump posted on social media that the emerging agreement would reopen the Strait of Hormuz, the vital shipping passage whose closure upended global energy markets after the conflict started in February.

However, Iran's Fars news agency reported early on Sunday that the agreement would allow Iran to manage the Strait of Hormuz. 

It said Trump's assertion that an agreement was nearly final was "inconsistent with reality."

Source: CGTN | Tasnim News Agency | Fars News Agency