While the preliminary agreement is welcome, there are still many more details to iron out before the world can feel relief, says Carl Skadian from the NUS Middle East Institute.

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

The US-Iran memorandum of understanding includes a 60-day ceasefire and Strait of Hormuz reopening, easing geopolitical risk across equities and crypto

Trump and his administration are hailing the new MOU to end the Iran war. But no one outside the small circle of negotiators has seen the document.