US-Iran MoU revival gains pace despite Tehran denial

Regional mediators are reportedly close to a proposal that could restart the US-Iran memorandum of understanding, although Tehran continues to deny seeking renewed talks with Washington. Summary Pakistan, Egypt and Qatar are reportedly pushing a plan to revive the US-Iran MoU. Iran and Oman have reportedly accepted a proposal addressing disputes over the Strait of Hormuz. Tehran denies requesting negotiations and wants greater control over shipping routes through the strait. Brent crude fell 4.8% to $84.09 as markets responded to reduced hostilities. Mediators push US-Iran MoU revival Pakistan, Egypt and Qatar have stepped up efforts to revive the US-Iran framework signed last month, according to two sources cited by The Times of Israel. The mediators have developed a proposal aimed at resolving conflicting interpretations of how the MoU applies to the Strait of Hormuz. Iran argues that the agreement gives it some authority over operations in the waterway, while Washington maintains that it does not. Iran and Oman have reportedly approved the mediators’ proposal. A final decision now rests with US President Donald Trump, according to the report. The White House had delayed its resp...