US President Donald Trump has circulated a draft peace proposal for the conflict with Iran among allied countries, including Israel, as diplomatic efforts intensify to prevent further ceasefire violations from derailing negotiations, according to a report published by The Guardian on Friday.
The proposed agreement, which closely resembles versions discussed across the Middle East in recent days, includes provisions for reopening the Strait of Hormuz to commercial maritime traffic and ending the US blockade on Iranian ports.
Under the memorandum of understanding, Iran would also regain access to approximately $12 billion (£9 billion) in frozen assets.
According to the report, the plan seeks to restore shipping activity through the strategic waterway to pre-conflict levels within 30 days.