Iran threatens to go on offensive in Strait of Hormuz if diplomacy with US fails
XLE•Deadline tied to June memorandum has passed
Monday marked the day by which Iran and the United States were expected to reach a final deal under a memorandum of understanding agreed in June and aimed at ending the war.
Signed on June 17, the MoU set out a 60-day timeframe, extendable by mutual consent, by which Washington and Tehran should reach an agreement that would cover broader issues such as the fate of Iran's nuclear programme.
The MoU, which declared the immediate and permanent cessation of military operations on all fronts, quickly unravelled, however, due to a dispute over control of the Strait of Hormuz.
Tehran said point 5 of the MoU gives it the right to manage the waterway, while Washington rejected that interpretation. Hostilities resumed as Tehran began firing on vessels it said were trying to sail through the waterway on an unapproved route.
