TEHRAN, May 27 (Xinhua) -- Iran has a draft of an initial, unofficial framework for a memorandum of understanding (MoU) with the United States, which demands U.S. military withdrawal and lifting naval blockade, several media outlets reported Wednesday, citing Iran's state TV.

In return, Iran has committed to restoring commercial shipping through the Strait of Hormuz to pre-war levels within one month and managing ship traffic through the strait with Oman, according to the reports.