Draft terms described by multiple sources indicate the US would begin releasing billions of dollars in frozen Iranian assets and waive sanctions on its oil exports, in return for Iran opening the Strait of Hormuz.

U.S. and Pakistani leaders forecast a Sunday signing of a long-elusive framework agreement to end fighting between the United States and Iran, but Tehran cast doubt over the timing and hardline protesters in Iran ‌voiced opposition. President Donald Trump posted on social media on Saturday that the deal with Iran…