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EXCERPT:
DUBAI: Iran’s state TV said Tehran had obtained a draft of an initial, unofficial framework for a memorandum of understanding with the United States on ending their conflict.
Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the US would withdraw military forces from Iran’s vicinity and lift a naval blockade.
State TV said on Wednesday (May 27) the framework, which excludes military vessels and envisages Iran managing ship traffic through the strait in cooperation with Oman, was not yet finalised and that Tehran would take no steps without “tangible verification”.