Two Iranian drones were shot down last night, a U.S. official said. Iranian media reported that its military had stopped a tanker from transiting through the strait.
Oil prices fell to below $90 a barrel this morning after Trump called off plans for overnight strikes against Iran and said a peace deal was within reach.
U.S. crude oil futures for July delivery fell to $83.85 per barrel, while August futures for international benchmark Brent sank to around $86 per barrel.
It comes after Trump said he had decided not to go forward with overnight strikes against Iran, expressing optimism once again over the possibility of an imminent deal to end the war and see the Strait of Hormuz reopened.
New details on a 14-point draft memorandum being negotiated between the Washington and Tehran have been revealed by Iranian media.
The draft includes “U.S. commitments to lift sanctions, withdraw its forces from areas surrounding Iran, end the maritime blockade, reopen the Strait of Hormuz,” according to the semiofficial Mehr’s News Agency. Oil sanctions would also be removed and Iran’s frozen assets released, the agency said,
The U.S. would be required to present a plan for rebuilding Iran’s economy, it added.
Final negotiations would focus on “nuclear and economic issues,” Mehr’s said, although Trump has vowed that any plan will block Iran from ever obtaining a nuclear weapon.
NBC News could not independently verify the news agency’s reporting and Washington has yet to comment on the report.
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