Iran Reportedly To Reopen Strait Of Hormuz And Restore Oil Exports Under US Deal

Iran is expected to take immediate steps to reopen the Strait of Hormuz and resume unrestricted oil exports under a tentative agreement with the United States aimed at ending the ongoing conflict, according to leaked copies of an interim deal cited by officials familiar with the document. The accord is scheduled to be formally signed in a ceremony in Switzerland on Friday.

The reported agreement states that the United States would issue immediate waivers allowing Iran to sell oil freely on global markets, marking a significant shift in sanctions enforcement. The reopening of the Strait of Hormuz, a critical global energy transit route, is described as part of the early implementation measures once the deal is signed, signaling a rapid de-escalation in maritime and economic restrictions on Tehran.

According to the leaked document, broader provisions of the deal include a framework in which the United States would work toward securing at least $300 billion for the reconstruction of Iran following the conflict. It also outlines the possibility of lifting American and United Nations sanctions on Iran, contingent on the successful conclusion of future negotiations addressing Tehran’s nuclear programme and related security concerns.

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The proposed arrangement represents a major departure from the 2015 nuclear agreement between Iran and world powers, which Washington exited during US President Donald Trump’s first term. At the time, Trump had described that agreement as the “worst deal ever,” arguing it failed to sufficiently limit Iran’s nuclear capabilities and regional influence. The new framework, if confirmed, would reflect a substantially different approach to engagement with Tehran.

The reported terms have already sparked expectations of strong political backlash in Washington, where lawmakers and policy observers are likely to scrutinise the scale of concessions outlined in the interim deal. The agreement also appears to represent a setback for Israeli Prime Minister Benjamin Netanyahu, who has been a vocal critic of Iran’s regional activities and nuclear ambitions amid the broader conflict dynamics.

Separately, the deal reportedly includes provisions calling for an immediate end to hostilities in Lebanon between Israel and the Iran-backed Hezbollah movement, although the exact terms regarding troop withdrawal and territorial control remain unclear. The agreement also envisages 60 days of negotiations between the United States and Iran to finalise a comprehensive settlement aimed at preventing Tehran from developing nuclear weapons, while maintaining a broader framework for regional stability and phased sanctions relief.

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