Hormuz shipping lane + 25 billion yuan in funds unfrozen. If this truly materializes, the oil market will tremble.

Mars Finance News, May 25 — The New York Times reported that U.S. President Trump said that the U.S. and Iran have “basically agreed” on a deal, which may include ending the conflict, reopening the Strait of Hormuz, and lifting some of the sanctions measures against Iran. However, there are still clear differences between the two sides in their descriptions of the deal’s details.

According to multiple Iranian officials, Iran has agreed to a memorandum of understanding that includes halting multi-front conflicts, including in Lebanon; restoring commercial navigation through the Strait of Hormuz without charging tolls; the United States lifting its maritime blockade on Iran; and releasing approximately $25 billion in frozen Iranian overseas assets. U.S. officials, meanwhile, said that one of the core elements of the agreement is that Iran, in principle, agrees to give up its stockpile of highly enriched uranium, but the specific handling will be left to be resolved in subsequent nuclear negotiations. Iran said that nuclear issues will continue to be discussed over the next 30 to 60 days.

The report said that since February this year, the U.S. and Israel have launched a campaign against Iran.