US Iran Hormuz deal: draft terms for oil transit — NRG-IA

Hormuz maritime guarantees in exchange for banking sanctions relief — what happened An April drop of 1.7 million barrels per day in OPEC production forces Washington to finalize its Iran deal to reopen the Strait of Hormuz. The working document, negotiated through Swiss diplomatic intermediaries, establishes a precise de-escalation timeline: Tehran guarantees the cessation of all hostile actions by the Revolutionary Guards in the strait, while the United States permits the resumption of financial transactions for Iranian crude through approved banking channels. This easing of tensions comes at a critical moment for global energy markets, heavily destabilized by prolonged blockades in the Middle East. The agreement, currently in its final technical adjustment phase, proposes a 90-day testing period during which both parties must fulfill their commitments. The United States pledges to stop intercepting Iranian tankers and to offer temporary sanctions waivers to major buyers in Asia. In…