US-Iran Peace Deal on the Brink: Strait of Hormuz Future Hangs in Balance

A cargo ship anchored near Larak Island in the Strait of Hormuz on May 16, 2026, amid ongoing US-Iran conflict and ceasefire negotiations.

American and Iranian negotiators have reached a draft agreement that could reopen the Strait of Hormuz and end three months of devastating conflict  but the deal still awaits approval from both President Donald Trump and Iran’s supreme leadership. The tentative memorandum of understanding proposes a 60-day ceasefire extension, during which the critical waterway would be […]

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