U.S.-China Trade Truce Memorandum of Understanding Preliminary Informal Document Disclosure, Crude Oil Retreats on Short-Term Concerns, Gold Rises

BlockBeats News, May 27th, According to Iranian sources, a "preliminary informal document" regarding the framework of a Memorandum of Understanding between Iran and the United States has been disclosed, covering issues related to the Strait of Hormuz, regional military deployment, and future agreement arrangements.

According to the document, the United States has committed to lifting the "maritime blockade" against Iran and withdrawing some military forces deployed in the vicinity of Iran. In exchange, Iran will gradually restore the passage of commercial vessels through the Strait of Hormuz to pre-escalation levels within one month, excluding military vessels. The management of vessel passage and route arrangements will be jointly coordinated by Iran and Oman. The document indicates that if Iran and the U.S. can reach a final agreement within 60 days, the relevant content may be confirmed in the form of a binding United Nations Security Council resolution.

According to Bitget data, WTI crude oil is currently down over 5%, trading at $91.4 per barrel; Brent crude oil is down approximately 4%, at $92.6 per barrel.

Spot gold has risen by $30 in the short term, trading at $4457 per ounce.

Earlier reports revealed the content of the preliminary informal document of the Iran-U.S. Memorandum of Understanding.