A potential memorandum of understanding could reduce tensions tied to the Strait of Hormuz and the broader US-Iran conflict. Shipping levels through the strait could be restored to pre-war levels within 30 days, with measures taking effect over that period. The US naval blockade on Iranian ports would need to be completely lifted within 30 days. Part of Iran’s frozen funds would be released in the first phase. The emerging arrangement would also include an end to the war on all fronts, including in Lebanon. Rubio said significant progress has been made in talks, while noting that final progress is not yet complete.
"“Some progress has been made, significant progress, although not final progress has been made,” Rubio told reporters in New Delhi. I do think perhaps there is the possibility that in the next few hours the world will get some good news, he said."
"“The agreement would also start a process that can ultimately leave us where the president wants us to be, and that is a world that no longer has to fear or worry about an Iranian nuclear weapon,” Rubio added."
"Tasnim said that under a potential memorandum of understanding, the number of vessels transiting the Strait of Hormuz would return to pre-war levels within weeks. If the agreement is reached, the Strait of Hormuz will not fully return to its pre-war status; instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days."
"The US naval blockade on Iranian ports must be completely lifted within 30 days, according to the potential memorandum of understanding, Tasnim said, adding that part of Iran's frozen funds must be released in the first phase of the agreement. The potential deal also includes an end to the war on all fronts, including in Lebanon, Tasnim reported."
Read at www.aljazeera.com
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