Proposed US-Iran MOU could allow Iran to resume large-scale oil exports, generating over $60 billion a year

A proposed memorandum of understanding between the United States and Iran could allow Tehran to restart large-scale oil and fuel exports and potentially earn more than $60 billion annually. Several Iranian oil tankers have already departed ports and crossed what was described as a US naval blockade line this week, signalling early signs of renewed export activity. The prospect has lifted expectations for higher global crude supply, though neither Washington nor Tehran has confirmed the reported terms or revenue estimates.