Iran and the United States are hammering out a short memorandum of understanding that could formalize an end to the conflict that has rattled global markets since early 2026. The proposed document, reportedly consisting of 14 points, covers everything from nuclear enrichment to sanctions relief to the full reopening of the Strait of Hormuz.
Bitcoin jumped above $64,000 on the back of these reports.
What’s in the proposed MOU
The draft framework is built around several pillars. At its core sits a moratorium on Iranian nuclear enrichment, a demand that has been the central sticking point in US-Iran relations for the better part of two decades.
In exchange, Iran would receive relief on certain US sanctions and the release of frozen assets. The Strait of Hormuz, a maritime chokepoint through which roughly a fifth of the world’s oil passes, would be fully reopened under the terms.
