US-Iran MoU Reopens Hormuz: Impact on Asian Trade
The United States and Iran have signed a memorandum of understanding (MoU) to establish a 60-day framework for a comprehensive peace deal, with an immediate focus on reopening the Strait of Hormuz to toll-free maritime traffic. The agreement, signed electronically by US President Donald Trump, US Vice President JD Vance, and Iranian parliament speaker Mohammad Bagher Ghalibaf, introduces a