Iran just dropped the initial details of a US-Iran Memorandum of Understanding and it's massive: • US military forces withdraw from vicinity of Iran • US Navy lifts its blockade of the Strait of Hormuz • Iran restores pre-war commercial shipping levels within 1 month • Military vessels excluded from draft • Iran and Oman jointly manage ship routing through Hormuz • If finalized within 60 days, becomes binding UN Security Council resolution Oil prices already tanking below $89/barrel. This is the kind of thing Trump claimed he'd negotiate but clearly nobody thought was possible until it happened.