White House signs Iran MOU to reopen Strait of Hormuz, ties sanctions relief to performance benchmarks

White House signs Iran MOU to reopen Strait of Hormuz, ties sanctions relief to performance benchmarks

White House signed MOU with Iran to reopen Strait of Hormuz (20% oil), unlocking $6–25B sanctions relief on 60-day compliance. Crypto evasion pivot ($8–10B) to traditional finance cuts geopolitical premium, stabilizing energy costs and supply-chain budgets.