The country has long faced some of the world’s heaviest sanctions. The lifting of restrictions could open new vistas on trade and financial access.
For months, a coalition led by Britain and France has been preparing to send minesweepers and other ships to secure the strait once the fighting ends. That moment may finally be here.
The short-term truce hasn’t been made public, and the long-term peace deal it is supposed to yield doesn’t exist yet, so there is much still unknown about any agreement between the adversaries.
For all of the cautious optimism surrounding the framework agreement, some of the toughest issues lie ahead, and the deal could still fall apart.
While the president says the agreement with Iran would open the Strait of Hormuz and provide economic relief, the country’s nuclear program is still a subject for negotiation.
The measures aim to “disrupt the flows of finance” supporting attacks on Palestinians in the West Bank, said the British government, which coordinated them with France and other nations.
Over the past two decades, Iran repeatedly threatened to close down the waterway. President Trump underestimated Iran’s ability to do so.
The action against Nobitex and several of its executives accused it of helping the government evade sanctions and finance militants.
The money has become a sticking point in talks, with Iran insisting that meaningful negotiations cannot begin without the funds’ release.
Aspects such as drone technology and diplomacy show how the wars intersect on the battlefield and in global alignments, providing a model for future conflicts.