A Memorandum of Understanding (MOU) has been signed on Thursday between Iran and the United States, setting the stage for a 60 day negotiation period. As part of the “deal” both sides have to put an end to their blockade of the Strait of Hormuz, allowing ships to sail through unhindered. The price of oil has fallen considerably as a result, and hopes of returning to some sort of normality is higher than ever in the past three months. Is that all there is to it? Ho-ho… No. The hard part is just about to begin—not just vis-a-vis Iran, but for the entire world.
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