US-IRAN DRAFT DEAL DETAILS CEASEFIRE TERMS A U.S. draft memorandum with Iran outlines an immediate ceasefire, reopening of the Strait of Hormuz, sanctions relief, and future nuclear talks. The proposal would restore oil flows, ease restrictions, and unlock frozen assets if Iran meets commitments. Key issues, including nuclear limits and regional security, would be addressed in later negotiations. The final agreement is expected to differ from the draft.(*Walter Bloomberg)