The US and Iran are continuing technical talks in Switzerland under the Islamabad MOU framework, with vessels cleared to move freely through the Strait of

Language in the current memorandum of understanding could allow Iran to become more integrated in the global economy.

Iran skipped technical talks with the US in Switzerland, citing unfulfilled MOU conditions. The diplomatic stall rattles oil and crypto markets alike.

The US and Iran are continuing technical talks in Switzerland under the Islamabad MOU framework, with vessels cleared to move freely through the Strait of

'Technical talks are slated to continue on all areas of the MOU. Both sides will stand down for now and vessels can move freely,' says a US official

Washington and Tehran agree to halt strikes and resume navigation. Unrestricted shipping through Hormuz by June 30 at 1.1% YES; traffic normal by July 31 at 41.

The US and Iran will stand down on strikes and vessels will be allowed to move freely, as technical talks are slated to continue on all areas of the memorandum of understanding.