US‑Iran 60‑Day Deal Expiry Leaves Strait of Hormuz Blocked
· World · Indian Express, The Independent, Moneycontrol
The 60‑day window for a US‑Iran peace framework expired on Monday after the US and Iran shut the window in late June and July by trading strikes. The memorandum of understanding began to unravel over disagreements about its interpretation, and the framework failed to reopen the Strait of Hormuz, which Iran has blockaded since the Israel‑US attack in late February. The US imposed a counterblockade, and the conflict widened to Yemen, with the Houthis and Saudi Arabia attacking each other while the Bab el‑Mandeb was partially blocked. Both sides are now doubling down on economic warfare; the US has rescinded sanction waivers and threatens to keep its naval blockade indefinitely, while Iran believes it can push Washington until the U.S. midterm election. The deadlock means the world remains hostage to a conflict that neither side can end, and the stakes for global shipping and energy markets are high.
Why it matters
India depends on the Strait of Hormuz for most of its crude oil imports; a blockade could raise oil prices and impact the Indian economy.
Read the original report — Indian Express
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