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Arab media reports that the US-Iran draft agreement has been reached
The draft agreement allows free passage through the Strait of Hormuz and clears mines;
it requires the resumption of navigation through the Strait of Hormuz within 30 days.
The agreement stipulates that the US commits to easing sanctions on Iranian ports;
the agreement permits Iran to sell and export oil;
it will provide specific sanctions exemptions for Iran's oil exports and consider phased relaxation of sanctions on Iranian oil, depending on Iran's fulfillment of its commitments.
The agreement calls for continued nuclear negotiations to reach a long-term consensus.