Draft Agreement for Shipping in the Strait of Hormuz
May 27, 2026
Iranian state television reports that Iran has a draft memorandum for restoring commercial shipping in the Strait of Hormuz. According to the plan, the U.S. will withdraw its military forces from the area. Iran will collaborate with Oman to manage shipping routes. Any agreement will require approval from the UN Security Council. The draft has not been finalized, and Iran will wait for tangible verification before proceeding.