The Gulf Cooperation Council welcomed the US-Iran memorandum of understanding, a framework including a 60-day ceasefire and $24B in frozen asset releases.

US and Iran signal a potential memorandum of understanding within days as Washington leverages crypto sanctions, including Nobitex and $344M in frozen

Iran and US are close to signing a non-binding MOU to extend the ceasefire by 60 days and reopen the Strait of Hormuz, with crypto market implications.