The US-Iran peace deal is expected to include a comprehensive plan for Iran's rehabilitation and economic development, with a proposed $300 billion in funding.
According to a report, the deal will also see the reopening of the Strait of Hormuz and the Persian Gulf within 30 days, with Iran resuming the pre-war volume of merchant ship movement.
The terms of the deal reportedly include two key points regarding Iran's nuclear program, with the country reiterating it will never produce nuclear weapons and maintaining the status quo on its nuclear program.
The US will also lift all existing sanctions on Iran, with the schedule to be agreed upon as part of the final agreement.