Updates

** Shares of U.S. oil and gas companies fall after Iran says draft U.S. deal would reopen Hormuz shipping, end naval blockade

** Iran's state TV said Tehran had obtained a draft of an initial unofficial framework for a memorandum of understanding with the U.S.

** Under the framework, Iran would restore commercial shipping through the Strait of Hormuz to pre-war levels within a month, while the United States would withdraw military forces from Iran's vicinity and lift a naval blockade

** However, the White House said Iran TV's report was "not true" and that the cited memorandum was "a complete fabrication"

** S&P 500 energy index .SNPY down nearly 2%, tracking falling crude prices

** Exxon Mobil XOM.N down 1.5% while Chevron CVX.N falls 1.3%

** Baker Hughes BKR.O, Halliburton HAL.N, SLB SLB.N and Valero Energy VLO.N fall between 2.4% and 6% among the top percentage losers on the energy index

** Brent crude futures LCOc1 down 3.06% at $96.53/bbl, while U.S. West Texas Intermediate (WTI) CLc1 crude slides 3.24% at $90.8/bbl O/R