A senior Iranian official has confirmed that a draft agreement with the United States includes the immediate reopening of the Strait of Hormuz and a temporary lifting of oil sanctions against Tehran.
The disclosure outlines the core concessions reportedly floated in recent diplomatic channels.
Despite the detailed framework, Tehran has moved to temper market expectations.
Iranian officials have explicitly rejected claims that a final agreement will be signed on Sunday, signaling that while the draft is taking shape, significant diplomatic hurdles remain.
The revelation introduces a new layer of complexity to the geopolitical standoff.
While the prospect of Hormuz reopening and sanctions relief would normally trigger a sharp repricing in energy and freight markets, the lack of an immediate signing date means the risk premium is unlikely to vanish overnight.