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PoliticsTrump and Pezeshkian sign MOU; Strait of Hormuz shipping rises, oil falls
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On June 17, U.S. President Donald Trump and Iranian President Masoud Pezeshkian separately signed a memorandum of understanding, mediated by Pakistan and Qatar, ending hostilities. Early returns include increased shipping through the Strait of Hormuz, falling oil prices, and a 60-day U.S. waiver on Iranian oil and petrochemical sales. However, significant disagreements remain on nearly every point the two sides negotiated for weeks, suggesting the deal is fragile and unsettled.
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Iran
On June 17, U.S. President Donald Trump and Iranian President Masoud Pezeshkian separately signed a memorandum of understanding. Mediated by Pakistan and Qatar, the agreement ends hostilities and provides early returns for both sides:
- Shipping through the Strait of Hormuz is ticking up.
- Oil prices have been coming down.
- Washington has issued a 60-day waiver on Iranian oil and petrochemical sales.
However, diverging claims persist on nearly every point that the two sides spent weeks litigating.
This article originally appeared on War on the Rocks.
Source
War on the RocksWestern
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