Amid ongoing tensions in West Asia between the US and Iran, a preliminary draft framework for negotiations reportedly proposes transferring Tehran’s highly enriched uranium stockpile to an agreed third country or reducing its enrichment level.

Another key proposal called for the reopening of the key waterway, the Strait of Hormuz, to international maritime traffic within seven days of an initial understanding between the two sides, according to Al Arabiya English.

The conflict between the US and Iran has kept tensions high, with the global community awaiting the restoration of stability in the region and normalisation of maritime traffic through the Strait of Hormuz.

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The framework also proposes holding direct US-Iran negotiations in Doha instead of Istanbul.

Under the proposed arrangement, Iran’s measures on the nuclear programme and maritime security would be matched by US measures to ease sanctions, blockades and economic restrictions, it added.

An independent verification mechanism would assess compliance before each phase of implementation.

Neither side would be required to make substantial concessions without receiving corresponding, independently verifiable commitments, the report said.

The arrangement also proposes a dispute-resolution mechanism involving mediators and guarantor parties to address delays or violations and prevent renewed military escalation, it added.

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“Two offending oil tankers, one in the eastern part and the other in the western part of the Strait of Hormuz, which were attempting to pass through the unauthorised route, encountered incidents and were brought to a halt in the waters south of the strait,” the IRGC said in a statement.

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In response, Tehran targeted US and Israeli interests across the region while tightening its control over the Strait of Hormuz.

The conflict has fueled global concerns about regional security and energy prices.

(with inputs from agencies)