Key Facts

• President Trump circulated a draft peace deal involving Iran and its neighbors to prevent further conflict.
• The draft calls for reopening the Strait of Hormuz to commercial ships and lifting the US blockade on Iranian ports.
• Iran would access up to $12 billion in frozen assets as part of the agreement.
• Talks would begin within 60 days on Iran’s nuclear activities, supervised by the UN’s International Atomic Energy Agency.
• Pakistan’s foreign minister plans to meet US officials to help speed up negotiations.
• Iran’s Revolutionary Guard controls the Strait of Hormuz and monitors ship movements, requiring permission for passage.
• Iran’s demand includes the release of frozen assets without conditions, but the US has imposed further sanctions on Iran’s management authority for the strait.
• The deal is controversial, especially for Israel, as it delays firm nuclear commitments from Iran and involves a ceasefire including Lebanon.