US media reports say Iranian drones were launched toward vessels in the Strait of Hormuz even after a memorandum of understanding was completed, while the emerging deal could eventually unlock tens of billions in frozen Iranian assets if talks produce a final agreement

Iran reveals a 14-point draft MOU with the US proposing release of $24B in frozen assets over 60 days, with major implications for oil and crypto markets.

The United States will release $12 billion in frozen assets to Iran before the start of negotiations, Mehr news agency reported on Monday, quoting a 14-point memorandum of…