Final details of the US-Iran MOU are still pending, but Hormuz transit and Iran sanctions relief could be bumpy in the near term.

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.

Iran and the US are negotiating a draft deal that includes lifting oil sanctions, easing naval blockades, and limiting Iran's nuclear activities in exchange for asset releases.