President Trump posted that a memorandum would reopen the Strait of Hormuz, but officials admit the details remain murky. Two U.S. sources say Iran consented in principle to surrender its highly enriched uranium stockpile, yet Tehran has not confirmed the move. Without a clear framework, investors watch for any shift in regional shipping flows and sanctions relief.

The proposed deal raises immediate financial questions. Washington has yet to state whether it will lift the blockade on vessels bound for Iranian ports or unfreeze the $25 billion of assets Tehran demands. Equally unclear is whether the agreement caps Iran’s future enrichment or mandates a 20‑year suspension, a point that could affect global uranium markets and defense contractors tied to missile‑defense systems.

Skeptics in Congress, led by Sen. Roger Wicker, denounced the rumored 60‑day ceasefire as a disaster, arguing any concession would nullify recent military gains. With the war’s commercial corridors partially restored, the market’s next move hinges on whether the memorandum solidifies into a binding accord or collapses under political pressure.