Bond.az reports that the United States and Iran are nearing an agreement to extend the current ceasefire by 60 days and reopen the Strait of Hormuz to commercial shipping, according to a U.S. official.
Under the proposed deal, the strait would remain open for 60 days, with vessels allowed to transit without tolls. Iran would also remove mines it had deployed in the strategic waterway.
In return, the U.S. would lift its blockade of Iranian ports and grant sanctions waivers allowing Tehran to sell oil on international markets.
The draft agreement also includes commitments by Iran not to pursue nuclear weapons and to enter negotiations over suspending uranium enrichment. Discussions would cover the removal of Iran's stockpile of highly enriched uranium.
The Strait of Hormuz is one of the world's most vital energy transit routes, handling about one-fifth of global oil shipments. Its reopening would mark a significant step toward restoring normal shipping flows.
