Iranian media has spread rumors that a draft agreement has been reached between the US and Iran on the Strait of Hormuz. There have been reports that the US is lifting the blockade on Hormuz and that Iran is also opening Hormuz. However, the White House has strongly denied these reports propagated by Iranian state media. The US has clarified that the draft Memorandum of Understanding (MoU) released by Iranian state media is completely fabricated. Although prices in international oil markets have fallen due to these news, it is clear that a final agreement is still far away with the White House's denial.