On Wednesday, the White House repudiated a report from Iran’s state television concerning a draft memorandum of understanding (MOU) to reopen the Strait of Hormuz. This rejection underscores a significant point of contention regarding control of the critical global oil artery.
The Iranian broadcast had outlined a proposed agreement that would lift the American naval blockade, aiming to restore pre-war shipping volumes within 30 days. Under this reported deal, Iran and Oman would share management of the waterway, overseeing ship inspections and potential fees. It specified that military vessels would be excluded
