Russia will lose from deflating oil prices and growing pressure from the US, but it also values stability in the region.

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.

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