NotableForeign Policyatlantic·The Atlantic

Iran Got a Great Deal That It Could Still Squander

The Atlantic reported that Iran's President Masud Pezeshkian, Speaker Mohammad Baqer Qalibaf, and Foreign Minister Abbas Araghchi signed a memorandum of understanding with the United States. This agreement releases frozen Iranian assets, eases restrictions on Iranian oil sales, and lifts the American blockade of the Strait of Hormuz in exchange for Iran ending its closure of the waterway.

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Saturday, June 20, 2026 at 07:00 AM EDT

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