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The Economic Times

Global Business / The Economic Times

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Hormuz closed again: Will the US-Iran MoU soon sink in the strait?

Iran has closed the Strait of Hormuz, citing Israeli actions in Lebanon, a move that has plunged a new US-Iran deal into crisis. The agreement aimed to freeze multiple conflicts, including Lebanon, in exchange for sanctions relief. Iran's actions suggest a strategy of exerting pressure for concessions rather than abandoning the deal, with Lebanon's stability now crucial for the pact's survival.

20 Jun 2026 9:35 pm