Congress MLA RV Deshpande said Siddaramaiah told him he had decided to resign, while AICC in-charge Randeep Surjewala said no legislature party meeting has been called.
According to the draft, in return for the US move, Iran would within one month, allow commercial shipping through the Strait of Hormuz to resume as it had before the war.
The government has asked industry associations to sensitise members against practices and urged states to curb hoarding, black marketing and unauthorised storage of petroleum products.
The MP High Court reserved its order on the petitions seeking cancellation of anticipatory bail granted to Giribala Singh by the Bhopal District Court on May 15.