Iran's Mehr News reports that the US-Iran MoU includes the reopening of the Strait of Hormuz, lifting oil sanctions, and releasing frozen Iranian funds. The draft is still being reviewed. Brent -4.1%.

The US and Iran exchanged another round of strikes overnight, resulting in Iran announcing the complete closure of the Strait of Hormuz, effective immediately, and threatening to…

A tentative US-Iran MoU would reopen the Strait of Hormuz, extend the ceasefire 60 days, and link sanctions relief to nuclear compliance. Here's what it