(Il Sole 24 Ore Radiocor) - Milano, 12 giu - The US and Iran could sign a peace deal as soon as Sunday, committing the US to lifting oil sanctions and Iran to reopening the Strait of Hormuz within 30 days, Iranian state media and reports said.

Iran's Mehr News Agency, citing sources close to the Iranian negotiating team, said a 14-point draft memorandum of understanding envisages a "permament and immediate" end to hostilities and establishes a period of 60 days for negotiating a nuclear agreement.

Final negotiations will not begin until the release of half of Iran's frozen funds, the suspension of Iran's oil sanctions and the lifting of the naval blockade, it said.

All American forces would need to withdraw from Iran, and Washington and its allies would need to present reconstruction plans for Iran worth at least 300 billion.

dollars, the report said.

(RADIOCOR) 12-06-26 14:28:35 (0367) 5 NNNN