The United States and Iran might be edging closer to an agreement for ending their ongoing war. Such a deal would be momentous for the global economy, which has suffered from the closing of the Strait of Hormuz. But the stakes may be highest for Iran, which has been under a severe U.S.-imposed blockade for months—and broader sanctions for years. What sort of sanctions relief can Iran expect? How has Iran managed its wartime economy amid the U.S. blockade? And will the situation at the Strait of