A potential deal between Iran and the United States stipulates that the number of ships able to transit the Strait of Hormuz would return to the pre-war level within 30 days, Iran’s semi-official Tasnim news agency reports, according to Reuters.

The naval blockade must be completely lifted within 30 days according to a memorandum of understanding, Tasnim said, adding that part of Iran’s frozen funds must be released in the first phase.