India, May 27 -- Iran on Wednesday claimed that a draft framework agreement with the United States could lead to the reopening of the strategically critical Strait of Hormuz and restoration of commercial shipping within a month.

Iranian state television cited what it described as a draft "memorandum of understanding" between Tehran and Washington, though it acknowledged the text had not yet been finalised.

"The United States has committed itself to lifting Iran's naval blockade and to cease harassing ships passing to or from the Islamic Republic of Iran," the state TV report said.

Iran to continue controlling shipping routes

Under the proposed framework, Iran would permit commercial shipping through the Strait of Hormuz but would cont...