Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

• US and Pakistani leaders forecast a Sunday signing of agreement to end the US-Iran war. READ MORE BELOW

• Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release. READ MORE BELOW

• The US focuses on opening the strait, but clashes continue in the meantime. READ MORE BELOW

• Qatari negotiators flew to Tehran on Sunday as part of an effort to finalize an agreement to end the US-Iran war.

• A cyberattack disrupted services at four major Iranian banks, though no customer data was compromised, according to state media.

• Israeli military says Hezbollah launched 3 projectiles towards northern Israeli communities in a blatant ceasefire violation.

IN DETAIL

US, Pakistani leaders predict Sunday signing of peace framework

US and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement to end months of fighting between the United States and Iran, but Tehran cast doubt over the timing and hardline protesters in Iran voiced opposition.

US President Donald Trump posted that the deal with Iran was scheduled to be signed on Sunday, his 80th birthday.

Pakistani Prime Minister Shehbaz Sharif said Islamabad was preparing for an electronic signing, to be followed by technical-level talks in the coming week.

But Iranian Foreign Ministry spokesperson Esmaeil Baghaei, speaking before Trump's post, was quoted by state media as saying on Saturday it would "not be tomorrow" but could happen "in the coming days".

Iran's Fars news agency citing an informed source said on Sunday that Tehran has not yet taken a final decision on the framework agreement, with reviews of its political, legal and technical aspects still ongoing at expert and decision-making levels.

Iran says draft US deal includes oil sanctions waiver, nuclear limits and asset release

A senior Iranian official told Reuters a final draft of the memorandum of understanding with the US covered a range of issues from Tehran's nuclear work to reopening the Strait of Hormuz and US waivers on oil sanctions, with a final deal to be discussed in the 60 days following agreement by the two sides.

The Iranian official said the draft memorandum included the following:

Strait of Hormuz:

* Iran immediately reopens the Strait of Hormuz to all commercial vessels, while the US lifts its naval blockade on Iranian ports

Financial:

* The US agrees not to impose any new sanctions on Iran until a final deal is reached

* The US will waive oil sanctions on Iran for a specified period, allowing Tehran to sell oil and receive revenue

* The US agrees to release $25 billion of Iran's frozen assets, including via direct cash transfers, cooperation among regional countries, and financial credit lines

Nuclear:

* Tehran agrees that it will neither produce nor acquire nuclear weapons

* Tehran agrees to maintain the nuclear status quo until a final deal is reached, including by not enriching uranium and not expanding nuclear facilities

* The US agrees Tehran will dilute its highly enriched uranium stockpile inside Iran, with a mechanism for doing so to be discussed within 60 days

US focuses on opening strait, clashes continue

Trump wrote on Truth Social earlier that after a framework deal is signed, the Strait of Hormuz, a vital artery for global oil supplies that Iran has blocked, would immediately be "open to all".

Once the strait reopens, the US would lift its naval blockade, sources on all sides of the talks said.

Negotiations over Iran's nuclear program, a key rationale Trump has given for the war, would take place afterwards.

While US and Israeli bombings since February 28 have heavily degraded Iran's military-industrial base and damaged its military, experts say the war has only entrenched the dominance of the hardline Iran's Islamic Revolutionary Guard Corps.

When the US and Israel launched the war, Trump called on Iranians to rise up and take over state institutions.

Even as the US and Iran appeared to be moving toward an agreement over the past few days, clashes have continued, as the US military maintains a blockade on Iran and seeks to loosen Iran's chokehold on the Strait of Hormuz, which was the conduit for 20% of the world's oil shipments before the war.

Early on Saturday, US forces shot down multiple Iranian drones heading toward the strait, the US military said.

Israel, which says it is not a party to the US-Iran deal, said on Saturday that it had struck more than 70 sites over a 24-hour period in Lebanon against Iranian ally Hezbollah.

Israeli Prime Minister Benjamin Netanyahu has clashed with Trump over US demands that Israel curb military action in Lebanon to allow Washington to reach a deal with Tehran.

Iranian Foreign Minister Abbas Araqchi said on Friday that while changes in the deal were still possible, the tentative agreement showed his country had emerged stronger from the conflict.