Deadline for wider U.S.-Iran deal about to expire amid stalemate
Summary
The 60-day deadline for a broader agreement between the U.S. and Iran to end their conflict and reopen the Strait of Hormuz expired on Monday without a deal. Shipping through the Strait of Hormuz has slowed significantly, and talks between the two countries stalled despite previous hopes for progress. In related news, Jared Kushner met with Hamas leaders in Egypt to discuss a U.S.-backed peace plan for Gaza.Key Facts
- The U.S. and Iran signed a memorandum of understanding 60 days ago to negotiate a wider deal.
- The 60-day negotiation period ended Monday without reaching an agreement.
- Shipping traffic through the Strait of Hormuz dropped sharply, with no ships passing there on Sunday.
- Normally, about 130 ships pass through the strait daily before the conflict.
- President Donald Trump announced on July 8 that the memorandum of understanding was "over."
- Jared Kushner met Hamas leaders in Egypt to talk about a peace deal focusing on disarmament and power transfer in Gaza.
- The peace plan includes maintaining a ceasefire, transferring governance, and deploying an international force.
- Israeli Prime Minister Benjamin Netanyahu rejected the peace agreement proposed by the U.S.
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