Tehran, Aug. 2 -- Mediators are attempting to reactivate a memorandum of understanding between Iran and the United States to secure the reopening of the Strait of Hormuz, Israeli media reported on Sunday.

The diplomatic push comes a day after US President Donald Trump stood down a major military strike against Iran, stating that Tehran had consented to open the critical maritime corridor.

According to reports, the mediated proposal aims to revive the memorandum of understanding signed by both nations last month, ensuring the strategic waterway stays open for a 60-day period without levying fees.

Iranian state media similarly indicated that discussions between Iran and Oman regarding a joint operational mechanism to govern the shipping ...