Open Strait, Unsettled Waters

AI Summary

A memorandum of understanding between the U.S. and Iran, mediated by Pakistan and Qatar, aims to reduce hostilities regarding the Strait of Hormuz, increasing shipping activity and lowering oil prices, though disagreements remain.

Welcome to The Adversarial. Every other week, we’ll provide you with expert analysis on America’s greatest challengers: China, Russia, Iran, North Korea, and jihadists. Read more below.***IranOn 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, and Washington has issued a 60-day waiver on Iranian oil and petrochemical sales. But diverging claims on nearly every point the two sides spent weeks litigating The post Open Strait, Unsettled Waters appeared first on War on the Rocks.