Iran and Washington have agreed to a memorandum of understanding. This document outlines future engagement between the two nations. Sanctions relief is linked to Iran's nuclear compliance and regional security. The Strait of Hormuz will open immediately. The US naval blockade on Iranian ports will be lifted. Formal signing is set for Friday in Geneva. Harder negotiations are still ahead.

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.

The memorandum of understanding is scheduled to be officially signed on Friday in Switzerland.

What exactly has been agreed on? Much less than meets the eye.