US-Iran Draft Agreement Could Clear Way For Normal Gulf Transit

U.S-Iran war might come to an end soon, as both parties signalled that they had reached an agreement which would be signed in the coming days.

Iranian Foreign Minister Abbas Araqchi said that the tentative agreement shows that his nation has emerged stronger than before by securing most of its demands.

“Iran is the winner of the war with the US,” he said on state television.

The deal calls for reopening Hormuz and lifting the U.S blockade of Iranian ports, sources from both sides confirmed.

Negotiations regarding Iran’s nuclear programme have been put on hold and will be discussed at a later stage.

Western, Pakistani, and even Iranian sources stated that the terms of the memorandum favoured Iran, which drew criticism from U.S President Trump, who called the reports inaccurate.

The proposal has offered Iran much of what it wanted, while Trump has not been able to secure much except the reopening of the Hormuz Strait.

Iran and Oman would jointly manage and control the strategic waterway, Araqchi said, adding,
“Our sword will always hang over the Strait of Hormuz.”

The U.S. has also agreed to release billions of dollars in frozen Iranian assets and waive sanctions on Iran’s oil exports, in return for Iran opening the Strait.

The issue of the nuclear program would be discussed during the 60-day period set aside.

A U.S official on the condition of anonymity said that the agreement would lead to Iran giving up its nuclear program and the removal or destruction of highly enriched uranium.

An inspection committee would also be set up to ensure that Tehran complies with the conditions in the long term.

However, Araqchi said that Iran would not give up the program entirely and would retain the uranium reserves in a diluted form.

A source close to diplomatic efforts claimed the deal could be signed as soon as Sunday by US Vice President JD Vance and Iran’s parliament speaker, Mohammad Baqer Qalibaf, possibly in Geneva.