Maybe This Time
The U.S. government is reportedly drafting a memorandum of understanding with Iran to potentially reopen the Strait of Hormuz and extend a ceasefire. This agreement, pending President Trump's approval, could provide a way to alleviate rising oil prices and domestic discontent. If finalized, it may also allow Iran access to frozen assets and oil revenue.
- ▪The U.S. is working on a memorandum of understanding with Iran regarding the Strait of Hormuz.
- ▪The agreement could help reduce oil prices and address domestic issues for President Trump.
- ▪Finalizing the deal may enable Iran to access frozen assets and resume oil revenue flow.
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Iran Maybe This Time Plus: Russian drone hits Romania, DeSantis' property tax proposal, and more... Liz Wolfe | 5.29.2026 9:30 AM Share on FacebookShare on XShare on RedditShare by emailPrint friendly versionCopy page URL Add Reason to Google Media Contact & Reprint Requests <img src="https://d2eehagpk5cl65.cloudfront.net/img/c800x450-w800-q80/uploads/2026/05/Vance-5-29-800x450.jpg" style="max-width: 100%; height: auto" width="1200" height="675" title="Vice President J.D. Vance" alt="Vice President J.D. Vance | AdMedia/Newscom" /> (AdMedia/Newscom) The boy who cried we have a deal to open the Strait of Hormuz: We've done this over and over again, but maybe this time, it's real.
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