U.S.-China Trade Truce Memorandum of Understanding Preliminary Informal Document Disclosure, Crude Oil Retreats on Short-Term Concerns, Gold Rises

May 27 (Iranian sources) – A preliminary, informal framework document for a Memorandum of Understanding (MoU) between Iran and the United States has been made public, covering issues including the Strait of Hormuz, regional military deployments, and terms for a future formal pact. Per the document, the U.S. has committed to lifting its so-called "maritime blockade" against Iran and withdrawing some military forces stationed near Iran. In return, Iran will restore commercial vessel traffic through the Strait of Hormuz to pre-escalation levels within 30 days—excluding military ships. Management of vessel passage and route arrangements will be jointly coordinated by Iran and Oman. If the U.S. and Iran reach a final binding agreement within 60 days, the terms could be formalized as a United Nations Security Council resolution. Market data from Bitget shows: WTI crude oil is trading down more than 5% at $91.4 per barrel; Brent crude is down roughly 4% at $92.6 per barrel. Spot gold has climbed $30 in the short term, reaching $4,457 per ounce. Earlier reports have already detailed the contents of the preliminary, informal draft MoU between the U.S. and Iran.