Mediators See Possible Restart of US‑Iran MoU on Strait of Hormuz
Tiger Newspress07-28 23:43
Mediators told the Times of Israel they believe a breakthrough could restart the US‑Iran memorandum of understanding signed last month on operations in the Strait of Hormuz, but the plan awaits a final White House decision after President Trump’s meeting with Israeli prime minister Netanyahu.
Pakistan, Egypt and Qatar are discussing a mediators’ proposal to reconcile differences — Iran says the MoU grants it some control over the strait, the US disputes that — and Iran and Oman have approved the proposal. The MoU’s 60‑day term expires next month.
Brent and WTI crude oil futures prices both fell by nearly 4%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
