The US and Iran have been hammering out a draft memorandum of understanding that would establish a 30-to-60-day ceasefire and kick off intensive negotiations over sanctions relief, nuclear oversight, and the reopening of one of the world’s most critical shipping lanes. Bitcoin, apparently reading the room, jumped to $82K on the news, hitting a three-month high.
The draft MOU is a single page with 14 points. Think of it as a diplomatic term sheet: short enough to fit on a napkin, consequential enough to reroute global energy markets.
What the framework actually says
The core of the agreement centers on an immediate ceasefire, with a built-in window of 30 to 60 days for both sides to negotiate more permanent arrangements. During that period, Iran has committed to restoring traffic through the Strait of Hormuz to pre-war levels within 30 days of signing.
That detail matters enormously. The Strait of Hormuz is the narrow chokepoint through which roughly a fifth of global oil supply passes on any given day.
