Vessels in the Strait of Hormuz, as seen from Musandam, Oman, June 16, 2026.(Stringer/Reuters)
There’s not much for Americans to like about the Memorandum of Understanding with Iran.
TheMemorandum of Understanding between the United States and the Islamic Republic of Iran has been signed remotely and is in effect. By now, analysts have already aired the most troubling aspects of it: The MOU requires the United States to lift its naval blockade in the Strait of Hormuz as well as its sanctions on Iranian oil as a trade for the Iranians no longer firing missiles and drones at shipping in the strait. As a result, Iran, which just a day ago was suffering from the very effective American blockade, will now receive billions of dollars from oil ...
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