The US-Iran peace memorandum of understanding (MoU) outlines a sweeping framework aimed at ending military confrontation, opening the Strait of Hormuz, releasing Iran's frozen assets and providing $ 300 billion for reconstrction and opening the door for long-term negotiations.

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

The US and Iran reached a 14-point MOU to lift oil sanctions waivers, reopen the Strait of Hormuz, and potentially unfreeze $24-25 billion in assets.

Iran and United States are set to sign a peace deal involving significant financial concessions and sanctions relief for Iran. The deal seeks to strike a complex balance between…