Market news: The draft agreement between the US and Iran stipulates that the US commits to easing the blockade on Iranian ports; it will provide specific sanctions waivers for Iranian oil exports; and it will consider easing sanctions on Iranian oil

2026-05-26

Market news: The draft agreement between the US and Iran stipulates that the US commits to easing the blockade on Iranian ports; it will provide specific sanctions waivers for Iranian oil exports; and it will consider easing sanctions on Iranian oil in stages, depending on Iran's implementation of its commitments. The draft also stipulates that navigation through the Strait of Hormuz must be restored within 30 days.