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PoliticsTrump and Pezeshkian sign MoUs, Strait of Hormuz shipping resumes as oil eases
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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 and providing early returns for both sides. Shipping through the Strait of Hormuz is increasing, oil prices have been declining, and Washington issued a 60-day waiver on Iranian oil and petrochemical sales. However, the two sides continue to have diverging claims on nearly every point they spent weeks litigating, indicating that the agreement remains 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 the two sides spent weeks litigating.
This article originally appeared on War on the Rocks.
Source
War on the RocksWestern
Part of this Story
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