Iranian official says draft US deal includes nuclear limits and asset release: Report

🤖 AI Summary: **What happened?** A senior Iranian official told Reuters a draft US-Iran memorandum of understanding includes terms for Iran to reopen the Strait of Hormuz to all commercial vessels, the US to lift its naval blockade on Iranian ports, refrain from imposing new sanctions on Iran until a final deal is reached, waive oil sanctions on Iran for a set period to allow oil sales and revenue collection, release $25 billion of Iran's frozen funds via direct cash transfers, regional cooperation and financial credit lines, and for Iran to maintain its current nuclear