The United States would lift its naval blockade on Iranian ports and issue limited sanctions waivers allowing Iran to sell oil more freely under the proposed agreement currently being negotiated between Washington and Tehran, according to an Axios report citing sources familiar with the talks.

The draft deal, which has been mediated by Pakistan, is part of ongoing efforts to end the conflict that erupted in late February following US-Israeli strikes on Iran. The blockade on Iranian ports has severely restricted Iran's ability to export oil, a critical source of revenue for the country. Under the proposed terms, Iran would receive limited relief from economic sanctions in exchange for concessions on its nuclear programme and the reopening of the Strait of Hormuz to commercial shipping.

However, several major sticking points remain, including the scope of sanctions relief and the future of Iran's uranium enrichment activities. The negotiations have seen multiple rounds of talks in Islamabad, with mediators from Pakistan, Qatar, and other countries working to bridge the gap between the two sides.

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