US, Iran weigh 60-day deal to reopen Hormuz, ease sanctions The United States and Iran are discussing a 60-day memorandum of understanding that would reopen the Strait of Hormuz, allow Iran to resume oil exports and launch a new round of nuclear talks, Axios reported on Saturday, citing a senior US official and others familiar with the draft. Under the proposal, Iran would clear mines in the strait so commercial shipping can pass freely, while the US would lift its blockade on Iranian ports and issue limited sanctions waivers, with relief tied to verifiable Iranian steps under a “relief for…
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