US and Iran sign digital memorandum of understanding to end nearly four-month conflict

The United States and Iran signed a digital memorandum of understanding to end a nearly four-month conflict. This agreement aims to boost Hormuz traffic and stabilize global energy markets, potentially reducing oil prices. The memorandum signals potential shifts in sanctions policies and economic strategies, which may reshape geopolitical dynamics in the Persian Gulf. This development is expected to impact global oil markets and overall geopolitical stability following the resolution of the conflict between the two nations.