πΊπΈ Iranian state media releases initial terms of the US-Iran peace negotiations:
β’ American military forces to pull back from Iranian proximity
β’ US Navy to end its Strait of Hormuz blockade
β’ Iran pledges to restore commercial shipping traffic to pre-conflict levels within 30 days
β’ Warships excluded from current draft terms
β’ Hormuz traffic control to be jointly managed by Iran and Oman
β’ A final agreement if reached within 60 days would be enshrined as a binding UN Security Council resolution
US crude oil fell under $89/barrel on this news.
