DUBAI, June 15 -- Iran has revealed details of a draft memorandum of understanding with the United States, outlining measures related to sanctions relief, nuclear activities, financial assets and the reopening of the Strait of Hormuz as part of efforts to end months of conflict.

According to a senior Iranian official, the draft agreement establishes a framework for broader negotiations that will continue during a 60-day period following the signing of the memorandum. The proposed deal is aimed at reducing tensions and creating conditions for a comprehensive settlement between the two countries.

One of the central provisions focuses on the Strait of Hormuz, a key route for global energy supplies. Under the draft, Iran would immediately r...