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Home»Global News»Proposed Iran-US deal would reopen Strait of Hormuz and lift oil sanctions
Global News

Proposed Iran-US deal would reopen Strait of Hormuz and lift oil sanctions

BostonNewsletter.com Est. 1704By BostonNewsletter.com Est. 1704June 12, 2026No Comments1 Min Read
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The U.S. and Iran could reportedly sign a peace deal as soon as Sunday, after Iranian state media said the draft deal included a commitment from the U.S. to lift oil sanctions and a commitment from Iran to reopen the Strait of Hormuz within 30 days.

The 14-point document dictates that final negotiations will not begin until the release of half of Iran’s frozen funds, the suspension of Iran’s oil sanctions, and the lifting of the naval blockade, the Mehr News Agency reported.

All American forces would need to withdraw from Iran, and the U.S. and its allies, would need to present reconstruction plans for Iran worth at least $300 billion, according to the report.

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