Trump and Tehran after 60 days

The 60-day deadline set by the Memorandum of Understanding between the United States and Iran, known as the "Islamabad Agreement," has ended without reaching a final agreement or an official announcement of extension. This comes amid escalating tensions in the Strait of Hormuz and a significant decline in maritime traffic. The memorandum, signed in June 2026, aimed to halt military confrontation and open negotiations regarding Iran's nuclear program, sanctions, and freedom of navigation. However, the deadline expired without decisive results, and statements regarding the possibility of extension varied, as Iran continued to escalate actions concerning the strait and US officials issued uncertain statements about the continuation of negotiations. This escalation threatens regional stability and global oil markets, especially as shipping activity through the strait has dropped to its lowest levels in years.

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