DUBAI: Iran is expected to reopen the strategically vital Strait of Hormuz immediately after signing a proposed agreement with the United States aimed at ending the ongoing conflict, according to leaked versions of an interim deal circulating in international media.
The agreement, reportedly scheduled to be signed in Switzerland on Friday, also allows Iran to resume unrestricted oil exports and outlines plans for up to $300 billion in reconstruction funding if a comprehensive accord on Tehran’s nuclear programme is eventually reached.
According to the leaked documents, the United States would initially grant waivers permitting Iranian oil sales while beginning a 60-day negotiation period focused on preventing Iran from developing nuclear weapons. If the talks conclude successfully, Washington would work toward lifting US and UN sanctions imposed on Tehran.
Analysts say the proposed terms go well beyond the concessions offered under the 2015 nuclear agreement, from which US President Donald Trump withdrew during his first term. The reported provisions are expected to trigger debate in Washington and could complicate Israel’s position, as Prime Minister Benjamin Netanyahu has maintained a hardline stance toward Iran.
The draft agreement also calls for an immediate ceasefire between Israel and Hezbollah in Lebanon. However, questions remain over Israeli troop deployments in southern Lebanon, as the leaked text reportedly does not mention a withdrawal despite Iran insisting that such a step is essential for lasting peace.
One of the most significant aspects of the proposal is the restoration of maritime traffic through the Strait of Hormuz, a critical route for global oil and liquefied natural gas supplies. The closure of the waterway during the conflict contributed to soaring energy prices and disrupted international trade.
Under the reported terms, the US would remove restrictions on Iranian ports and support the return of shipping operations to prewar levels within 30 days, although mine-clearing operations may still be required.
The agreement also includes provisions for releasing frozen Iranian assets and providing at least $300 billion in reconstruction assistance following months of conflict. US Vice President JD Vance has previously indicated that Gulf Arab states could contribute investment funds for Iran’s rebuilding efforts.
While several officials familiar with the negotiations have said leaked versions published by international media closely resemble the final draft, neither the White House nor Iranian authorities have officially released the agreement. Iran’s Tasnim news agency has claimed that some published versions omit key sections but has not disclosed the complete text.
If finalized, the accord could ease tensions in the Middle East, stabilize global energy markets and mark the beginning of broader negotiations over Iran’s nuclear programme and regional security.
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