The memorandum of understanding, MOU, between the US and Iran aims to expand on the ceasefire and get traffic flowing through the Strait of Hormuz.

A draft agreement between Iran and the United States has reportedly surfaced. This framework could unlock 24 billion dollars in frozen Iranian assets. Sanctions on Iran's energy…

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