An MOU between the US and Iran ends the US naval blockade and includes relief on oil sanctions, but uncertainty lingers over the durability of sanctions waivers.

The US signed an MOU with Iran to reopen the Strait of Hormuz and lift its naval blockade. Sanctions relief is tied to compliance, with crypto enforcement

Oil prices fell 5% after the US and Iran agreed to reopen the Strait of Hormuz and temporarily waive sanctions on Iranian crude exports.