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Finalization of the Peace Agreement MoU, Waiting for Iran's Response
The United States has reportedly finalized a one-page draft memorandum of understanding (MoU) aimed at ending the war with Iran. According to reports from Reuters and Axios, Iran is expected to give an official response to the final draft within the next 48 hours. Following the announcement, West Texas Intermediate (WTI) crude oil prices reportedly plummeted more than 10% toward the $90 per barrel area, while Bitcoin prices surged to touch the $82,000 mark.
The proposed agreement includes crucial points such as Iran's suspension of uranium enrichment for 12 years and full inspection access for the UN. As compensation, the United States commits to gradually lifting sanctions and releasing billions of dollars of Iran's frozen funds. If this deal is approved, both countries will also remove navigation restrictions in the Strait of Hormuz, a move predicted to stabilize global energy supplies and ease inflationary pressures in international markets.
As an initial step toward normalization on the ground, the Iranian Revolutionary Guard Navy stated that shipping lanes through the Strait of Hormuz are now safe and secure again. Iran mentioned that this restored access is a response to the end of threats from the United States and the implementation of new procedures in the region. Although technical steps taken have not been detailed, Iranian authorities expressed appreciation to ship owners and captains who have complied with navigation rules during this transitional period.