By making free navigation dependent on Iran's discretion, the memorandum opens the door to tolls and coercion, risking a cascade of closures in other global straits
By making free navigation dependent on Iran's discretion, the memorandum opens the door to tolls and coercion, risking a cascade of closures in other global straits
05:03 AM • June 16 2026 IDT
The memorandum of understanding will formally end the recent round of attacks between Iran and the United States, but the question is if it will also bring regional stability. If this regional stability passes through the Strait of Hormuz, the long-term answer may be "no."
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