The recently signed US-Iran memorandum of understanding is set to provide a major boost to Tehran's oil sector, potentially restoring a critical source of revenue for the Iranian economy and generating more than $60 billion annually if pre-conflict production levels are regained.

A draft US-Iran deal grants Tehran immediate oil sales rights and a $300B Gulf-backed development fund, with implications for energy prices and crypto

After being at a war for over four months, the US and Iran will finally be signing an interim memorandum of understanding on Friday. The signing, which will take place in…