US and Iran Weigh $8 Billion Deal to Reopen Strait of Hormuz

BlockBeats news, November 9 - According to Israeli media Israel Hayom, the United States and Iran are considering an $8 billion agreement to reopen the Strait of Hormuz. President Trump is expected to meet with the Qatari Prime Minister on Monday to discuss the Iranian proposal: the US side unfreezes $8 billion in funds in exchange for reopening the strait. The report states that the agreement would end Iran's attacks on Gulf shipping and lift related US restrictions, but would not involve Iran's nuclear program. Vice President Vance is reported to be pushing for the agreement, but it has encountered opposition from some senior government officials.