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🇰🇷 South Korea /Conflict & Security

Iran says draft US deal includes Hormuz shipping normalization, ceasefire

From Hankyoreh · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Iran's state broadcaster reports a draft deal with the US to end conflict and normalize shipping through the Strait of Hormuz within a month.
  • The proposed agreement includes the withdrawal of US forces from Iran's vicinity and the lifting of a naval blockade.
  • The draft also reportedly includes a 60-day comprehensive ceasefire across all fronts, including Lebanon, with potential UN Security Council resolution approval.

A draft memorandum of understanding between the United States and Iran reportedly includes provisions for normalizing shipping through the Strait of Hormuz within one month, according to Iran's state broadcaster IRIB. The unofficial draft, obtained by IRIB, also details the withdrawal of US forces from areas near Iran and the lifting of a naval blockade.

Iran will restore commercial shipping through the Strait of Hormuz to pre-war levels within a month. The United States would withdraw its military forces from the vicinity of Iran and lift a naval blockade.

· Iranian state broadcaster IRIBReporting on the key provisions of the draft US-Iran memorandum of understanding.

IRIB reported that the framework, which excludes military vessels, envisions Iran and Oman cooperating on managing ship traffic through the vital waterway. However, the broadcaster emphasized that the deal is not yet finalized and Iran will not take any steps without "tangible verification." If a final agreement is reached within 60 days, it could be approved as a binding UN Security Council resolution.

Iran is not yet finalized and Tehran will take no steps without "tangible verification."

· Iranian state broadcaster IRIBHighlighting the conditions for Iran's commitment to the draft deal.

The report also suggests that the draft includes a 60-day comprehensive ceasefire across all fronts, specifically mentioning Lebanon. Alaeddin Boroujerdi, a senior member of the Iranian Parliament's National Security and Foreign Policy Committee, told Iranian media that the initial phase of the agreement requires the US to guarantee a 60-day ceasefire, particularly in Lebanon.

Iran and Oman cooperating on managing ship traffic through the strait.

· Iranian state broadcaster IRIBDetailing the proposed management of the Strait of Hormuz.

The news of the potential deal has had an immediate market impact, with Brent crude oil prices falling by more than 5%, according to Bloomberg. The conflict, which began in February after an escalation between Iran and Israel, has disrupted shipping in the Gulf and involved US military forces, raising concerns about a wider regional conflict.

Iran and the US's initial agreement (memorandum of understanding) stipulates that as a first step, the US guarantees a 60-day comprehensive ceasefire on all fronts, especially on Lebanese territory.

· Alaeddin BoroujerdiExplaining the ceasefire provisions within the draft agreement.
About this summary

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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