According to Iran’s Mehr News Agency, a draft deal between Tehran and Washington would reopen the Strait of Hormuz and lift oil sanctions on Iran. The document, described as a 14‑point proposal, includes a commitment from the United States to remove those sanctions. It also stipulates that substantive negotiations cannot start until half of Iran’s frozen assets are released and a U.S. naval blockade is ended.
Iran has pledged, as part of the same draft, to restore passage through the Strait of Hormuz within thirty days. Additional provisions call for the complete withdrawal of all American forces from Iranian territory and require the United States and its allies to submit reconstruction plans for Iran valued at no less than $300 billion.
Statements from Leaders and Market Reaction
The day before the Mehr report, former President Donald Trump said that the United States and Iran could sign a peace agreement as early as the coming weekend. He noted that this is not the first time he has suggested a deal is imminent, having made comparable remarks more than thirty times during the conflict. Financial markets responded strongly to the prospect of détente.
On Friday, European equities rose, with the pan‑European Stoxx 600 index advancing 1.8 % and most major exchanges gaining roughly adding around 2 % in early trading. Conversely, oil prices slipped: U.S. crude futures for July delivery dropped 1.61 % and August Brent contracts fell 1.75 %.
Diplomatic Tensions and Human Impact
Earlier on the same day, India’s Ministry of External Affairs summoned the deputy chief of mission at the U.S. embassy in New Delhi. The summoning concerned what India described as “continuing attacks by U.S. naval forces on commercial vessels carrying Indian mariners in the Gulf of Oman.” India’s ministry said those attacks have led to the loss of Indian lives. Trump also remarked in the Oval Office that the United States had “just made a great settlement of the war with Iran,” adding that the outcome depends on the “finalization of documents.”
Outlook and Implications
The United States and Iran have been engaged in hostilities for four months. A peace accord, if concluded, would represent a significant shift in the region. Analysts note that the proposed measures—reopening the Strait of Hormuz and removing oil sanctions—could substantially affect global oil flows and pricing.
Observers stress that the next few days will be critical in determining whether the draft can be turned into a binding agreement and what consequences that might hold for regional stability and worldwide markets.
