On June 12, according to Iran's Mehr News Agency, the memorandum of understanding between the United States and Iran stipulates the reopening of the Strait of Hormuz within 30 days. Bitget market data shows that both U.S. and Brent crude oil futures fell by more than 4% during the day.
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U.S.-Iran Memorandum of Understanding to Reopen Strait of Hormuz in 30 Days
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