🇺🇸 Iranian state media releases initial terms of the US-Iran peace negotiations:
• American military forces to pull back from Iranian proximity
• US Navy to end its Strait of Hormuz blockade
• Iran pledges to restore commercial shipping traffic to pre-conflict levels within 30 days
• Warships excluded from current draft terms
• Hormuz traffic control to be jointly managed by Iran and Oman
• 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.

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