Iran will immediately take steps to reopen the Strait of Hormuz once a tentative deal with the US to end the war is signed and will be allowed to sell its oil without restrictions, according to leaked copies of an interim agreement that officials say broadly matches the document. This was reported by Qazaqyia.kz citing Associated Press.
The accord, due to be formally signed in a ceremony in Switzerland on Friday, lays out that the US would secure at least $300 billion to rebuild Iran after the war and work to end all American and UN sanctions imposed on Tehran if a final agreement addressing Iran's nuclear program is reached.
According to the Associated Press, the leaked text of the agreement matches the official document. Under the deal, there will be no restrictions on Iran's oil exports, which could impact global markets.
Officials from the US presidential administration declined to comment on the details of the agreement but confirmed that the negotiations had reached a positive outcome. The Iranian side also welcomed the agreement, calling it an important step aimed at restoring the country's economy.
The Strait of Hormuz is a strategically important passage through which about 20% of global oil shipments pass. Iran has the ability to influence oil prices by blocking the strait. The reopening of the strait under the agreement is expected to help stabilize global energy markets.
The war between the US and Iran began in February 2026. On February 28, Iran's Supreme Leader Ayatollah Ali Khamenei was killed in US and Israeli strikes. The war also caused significant destruction in Lebanon.
The official signing of the agreement is scheduled for Friday in Switzerland. This agreement is considered an important step aimed at restoring stability in the Middle East and resolving conflicts in the region.