According to reports carried by Iranian state television and the Mizan news agency, the proposed framework would involve a phased US military pullback from the vicinity of Iran and the lifting of what Tehran described as a US naval blockade around the Strait of Hormuz.
In return, Iran would commit to restoring commercial shipping traffic through the strategically vital waterway to pre-war levels within one month.
Iranian media said military vessels are not covered under the current draft arrangement and that ship traffic through the Strait would be managed by Iran in coordination with Oman.
The reports stressed that the framework remains preliminary and unofficial, with negotiations and “tangible verification” still required before Tehran moves ahead with any final agreement.
According to the reported terms, if a final agreement is reached within 60 days, the deal could be formalised through a binding United Nations Security Council resolution.
The Strait of Hormuz is one of the world’s most critical oil shipping routes, carrying a significant share of global crude exports. News of the reported framework pushed US crude oil prices lower, with prices falling below $89 per barrel amid hopes of easing supply disruptions and reduced geopolitical risk in West Asia.
The developments come amid broader diplomatic efforts by US President Donald Trump to negotiate a wider regional settlement involving Iran and several Middle Eastern countries.
Neither Washington nor the White House has officially confirmed the reported draft framework so far.
