In brief
The leaked terms propose a U.S. naval withdrawal and lifting of Iran’s port blockade, in return for restoring pre‑war commercial traffic through Hormuz within 30 days, managed jointly with Oman.
The White House dismisses the Iranian report and Trump warns Oman to 'behave well, otherwise we will have to blow them up,' while insisting no one will control the international waterway.
Lawmaker Ebrahim Azizi declares Iran will not retreat from its right to enrich uranium, retain enriched stockpiles, hold authority over Hormuz, and obtain sanctions removal.
The president suggests Arab countries 'owe it to us' to join the accords and questions whether a deal should be made without their involvement, though he stops short of a formal condition.
If a final agreement is reached within 60 days, the draft states it must be adopted as a binding resolution by the United Nations Security Council.
Iran Leaks Draft Memorandum
Iranian state television on Wednesday published what it called the latest draft of the 'Memorandum of Islamabad' between Washington and Tehran. According to the reported terms, the United States would lift its naval blockade of Iranian ports and withdraw military forces from areas near Iran. In exchange, Iran would restore commercial traffic through the Strait of Hormuz to pre-war levels within 30 days. The waterway would be managed jointly with Oman, with Iran inspecting vessels and imposing service tariffs—except on military ships. If a final agreement is reached within 60 days, the deal must be approved as a binding United Nations Security Council resolution.
“Iran will not be deterred by Trump's rhetoric and will not deviate from its red lines: the right to uranium enrichment, possession of enriched uranium, authority over the Strait of Hormuz, and the lifting of sanctions.”
Ebrahim Azizi, chairman of the Iranian parliament's National Security and Foreign Policy Commission, posted the statement on X, accusing Trump of swinging between threats and pleas for a deal.
Trump Dismisses the Draft and Threatens Oman
At a White House cabinet meeting, President Donald Trump flatly rejected the Iranian account. 'Nobody should believe what the Iranian state television spreads,' his administration said, labeling the news as 'fake.' Trump himself insisted that negotiations were progressing well but expressed dissatisfaction.
“Nobody will control the Strait of Hormuz, they are international waters. The Strait will be open to all.”
He singled out Oman as a potential partner in managing the strait, warning: 'Oman will behave well, otherwise we will have to blow them up.' Trump also denied any discussion of easing sanctions or releasing frozen assets, even in exchange for Iran relinquishing highly enriched uranium.
Linking the Deal to the Abraham Accords
Trump further complicated the talks by tying a potential agreement to broader regional dynamics.
“I think the Arab countries owe it to us, to be honest. I'm not sure we should make the deal if they don't join the Abraham Accords.”
While he stopped short of making the Iran deal explicitly conditional, his remarks signaled that Gulf normalization with Israel remains a top priority.
Red Lines and Sticking Points
Iran has publicly outlined four non-negotiable demands: the right to enrich uranium, retention of its enriched stockpile, authority over the Strait of Hormuz, and full sanctions relief. Azizi reiterated these on Wednesday, dismissing U.S. pressure. Meanwhile, Trump insisted that any pact must be 'perfect' and warned that if unsatisfied, the U.S. would 'get the job done.' His administration continues to demand Iranian concessions without offering sanctions relief, leaving the two sides far apart.
Military Movements and Next Steps
Iran's Islamic Revolutionary Guard Corps claimed that more than 20 ships transited Hormuz in the past 24 hours, and Tehran confirmed ongoing negotiations with Oman on a new strait management mechanism. The leaked draft envisions a 30-day reopening timetable and a 60-day window for a final, UN‑backed accord. Trump, however, appears in no rush, telling reporters he is unconcerned by the political fallout of a prolonged conflict and that Iranian leaders have miscalculated if they believed the November midterm elections would force his hand.