June 18, 2026
Following a February 28th attack on Iran, Presidents Trump and Pezeshkian have signed a memorandum of understanding that effectively represents a strategic setback for the United States and Israel despite their military superiority. Iran successfully leveraged its closure of the Strait of Hormuz, which handles one-fifth of global oil and gas supplies, to extract significant concessions including sanctions relief and asset unfreezing worth billions of dollars. The agreement essentially returns both nations to their pre-war status while exposing flawed assumptions by US and Israeli leaders who believed assassinating Iran's Supreme Leader would trigger regime collapse.
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Read full article from source: BBC