REPORT: Two sides reportedly near 60-day MOU on Strait of Hormuz — open with no tolls, Iran to clear mines.

Draft MOU includes Iran pledge to never seek nukes, suspend enrichment & remove stockpile — via oral commitments to US through mediators.

A draft memorandum of understanding includes a commitment from Iran that it will never attempt to acquire nuclear weapons and will negotiate the suspension of the uranium enrichment program and the removal of the high-enriched uranium stockpile from the country. Iran has given the US, through mediators, oral commitments regarding the scope of concessions it is willing to make on the suspension of enrichment.

Axios: Under proposed deal, Iran would be allowed to freely sell oil while talks continue on limiting nuclear program.

Axios reports that under a proposed deal, Iran would be allowed to freely sell oil while talks continue on limiting its nuclear program.

Proposed Iran deal would unfreeze billions, lift U.S. blockade, pull back forces, reopen Strait of Hormuz with tolls, and let Iran keep enriched uranium, per Al Jazeera.

Al Jazeera reports that a proposed Iran deal may include unfreezing billions in Iranian funds, lifting the U.S. blockade, withdrawing U.S. forces, reopening the Strait of Hormuz with tolls for Iran, and allowing Iran to keep its enriched uranium.

Iran chief negotiator Mohammad Bagher Ghalibaf warns of a 'crushing' response if Washington resumes hostilities, after US media reports of possible new strikes.

Iran's chief negotiator Mohammad Bagher Ghalibaf warned on Saturday of a 'crushing' response if the United States resumes hostilities, following US media reports of possible new strikes.