Iran has expressed its intention to restore commercial shipping traffic through the Strait of Hormuz to levels seen before the recent conflict, as part of a draft memorandum of understanding (MoU) with the United States. According to Iranian state television, the draft outlines that the US military will withdraw from areas adjacent to Iran and lift the naval blockade in exchange for Iran's commitment to increase the number of commercial vessels transiting the Strait of Hormuz within one month. This agreement, referred to as the 'Islamabad Memorandum Framework', is still in its preliminary stages and has not been finalized, with Iranian officials emphasizing the need for 'tangible verification' before any steps are taken. Additionally, the management of ship traffic through the Strait will be coordinated by Iran alongside Oman. The announcement has led to a significant drop in the dollar's value and a decrease in oil prices, with Brent crude falling by $3 to $93.89 per barrel and US crude dropping by $2.94 to $91.89 per barrel.