US Denies Iran Report on Draft Peace Deal to Reopen Hormuz

The US denied an Iranian state television report on a draft interim peace deal that said maritime traffic through the Strait of Hormuz could return to normal within a month of it coming into effect. “This report from Iranian controlled media is not true and the MOU they ‘released’ is a complete fabrication,” the White House said in a social media post on Wednesday. “Nobody should believe what Iranian state media is putting out.” Oil had dropped on the Iranian report, with Brent falling almost 4%

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