Content overview: “US and Iran Weigh Sequenced Hormuz Deal Similar to June Memorandum”. US and Iranian negotiators are exploring a phased deal that would see Tehran reopen the Strait of Hormuz and Washington lift its blockade of Iranian ports, according to a person familiar with the matter. A sequenced arrangement would be similar to the memorandum of understanding the two sides struck in mid-June. The potential agreement represents a significant diplomatic opening, though previous rounds of talks have broken down, leaving observers cautious about the prospects for a lasting breakthrough.
The reopening of Hormuz would ease a major source of uncertainty for global energy markets. Bloomberg's Stuart Livingstone-Wallace reports on the discussions and what a phased deal would entail. The full version stays on the original page, which this listing opens directly.