Iran will restore ​commercial shipping through the Strait of Hormuz to ​pre-war levels within a month as per the draft of an initial unofficial framework for a memorandum of understanding with the United States, a Reuters report quoting Iran's state TV said. 

The United ⁠States would withdraw military forces from Iran's vicinity ​and lift a naval blockade, it said.

State TV said the ​framework, which excludes military vessels and envisages Iran managing ship traffic through the strait in cooperation with Oman, was not yet ​finalised and that Tehran would take no steps ​without "tangible verification".

It added that if a final agreement was ‌reached ⁠within 60 days, it could be approved as a binding UN Security Council resolution.

Meanwhile, the United ‌Kingdom Maritime Trade Operations said on Tuesday that a tanker had reported an external explosion on the vessel's port side, close to ​the waterline, 60 nautical miles off Oman's capital ​Muscat.

UKMTO said the vessel, identified as the Olympic ⁠Life, and its crew were safe, although the tanker ​reported some bunker fuel had been discharged into the sea.