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Iran war live: Peace deal to fully reopen Hormuz as US military pulls out

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epa12995507 People inspect damage following an Israeli airstrike in the southern port city of Tyre, Lebanon, 26 May 2026. Lebanon's Health Ministry said Israeli attacks across the country have killed more than 3,100 people and injured thousands more since renewed hostilities between Israel and Hezbollah began in early March. EPA/STRINGER
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Al Jazeera Live

By Fiona Kelliher and Jillian Kestler-D'Amours
Published On 27 May 2026

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  • A new draft peace proposal says Iran would fully restore commercial shipping through the Strait ⁠of Hormuz to ⁠pre-war levels within 30 days while the ⁠US ⁠would withdraw ⁠military forces from Iran’s vicinity and lift its ‌naval blockade.
  • The Revolutionary Guard says a renewed war with the United States is unlikely because of the “enemy’s weakness” but vows to make Iran’s southern territory a “graveyard for aggressors”.