Financial Times details emerging Tehran-Washington framework

A proposed agreement between Tehran and Washington would extend the current ceasefire by 60 days, creating time for negotiations on Iran’s nuclear programme and the gradual reopening of the Strait of Hormuz, the Financial Times reported, quoting a diplomat. 

The report said the ceasefire period would be used to work through outstanding issues, including a mechanism for Iran to relinquish its stockpile of highly enriched uranium.

A senior US administration official told the newspaper that the draft memorandum of understanding also envisages the gradual removal of mines from the Strait of Hormuz and a proportional easing of the current blockade.