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Update: Market Chatter: Draft Peace Deal Proposes Iran Restoring Hormuz Traffic to Pre-War Levels in 1 Month

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(Updates to include White House comments in the 5th and 6th paragraphs.)

A draft peace framework between the US and Iran, seen by Iran's state broadcaster, proposes Iran restoring commercial transit to pre-war levels within a month of signing, media outlets reported on Wednesday.

The draft also includes a requirement to withdraw US troops from the vicinity of Iran.

Ship traffic through the Strait of Hormuz would be handled by Iran and Oman, according to the draft, the reports said.

The draft has not been finalized yet and would require "tangible verification" for Iran to move forward with it, Iranian TV said, according to the reports.

The official rapid response account on X for the White House said Wednesday that an earlier report by Iranian state media of a US-Iran interim peace deal is a "complete fabrication."

"Nobody should believe what Iranian state media is putting out. FACTS MATTER," the White House said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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