US forces to withdraw from vicinity of Iran and lift blockade in draft MOU – Iran's State TV

FXStreetMay 27, 2026 12:26 PM

View all comments（0）



Iran's State TV reported that it has a draft of the initial unofficial framework of the Memorandum of Understanding with the United States (US).

According to the document, the US military forces will withdraw from the vicinity of Iran and lift the naval blockade. In Return, Iran has committed to restoring the number of commercial transit ships through Hormuz Strait to pre-war levels within in one month.

Key takeaways

"Military vessels are not included in this draft agreement."

"The management and route of ship traffic through Strait of Hormuz will be handled by Iran in cooperation with Oman."

"If a final deal is reached within 60 days, this agreement will be approved in the form of a binding UN security council resolution."

"The Islamabad Memorandum framework is not yet finalized; no step will be taken by Iran without tangible verification."

Market reaction

The US Dollar (USD) Index edged lower with the immediate reaction and was last seen losing 0.12% on the day at near 99.00.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

Broadcom Second-Quarter Earnings Preview: $100 Billion Market Value Volatility Warning, AI Infrastructure Demand Faces Verification

Tradingkey - Broadcom (AVGO) will release its fiscal second quarter 2026 earnings report after the U.S. market close on June 3, 2026, Eastern Time. As a leading global provider of AI infrastructure chips and private cloud software platform services, the company has benefited from the accelerated construction of data centers and the continued surge in demand for custom AI chips. Since the release of its previous quarterly results, Broadcom's share price has risen by approximately 36%, significantly outperforming the S&P 500 over the same period.

Oil Prices Plunged 20% in May, Under the Fog of U.S.-Iran Tensions, Where Are Oil Prices Heading?

TradingKey - As the U.S.-Iran conflict enters its third month, the global oil market is grappling with a combination of heightened volatility and uncertainty. In May, international oil prices recorded their largest single-month decline in six years. Brent crude July contracts fell nearly 20%, while West Texas Intermediate (WTI) July contracts dropped nearly 17%, both marking their weakest monthly performance since the onset of the pandemic in March 2020.

Investing 75 Billion Euros. SoftBank Builds Europe’s Largest AI Cluster in France, Masayoshi Son’s Global Layout Places Another Key Piece

TradingKey - On May 31, SoftBank Group announced it will invest up to €75 billion (approximately RMB 592 billion) in France to construct a large-scale AI computing cluster network. This project is set to become Europe's largest data center initiative to date and represents SoftBank's largest single AI investment outside the United States.

Rigetti Computing (RGTI) Stock: $2B Quantum Initiative Fuels Rally — Is Rigetti a Buy at $25.50?

TradingKey - Rigetti RGTI at $25.50 after pulling back from the 2.618 Fib breakout. $2B federal quantum initiative, 36-qubit government delivery, Lyra 100+ qubit late 2026. RSI 59. Target $27.77.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools