Memorandum of misunderstanding: Why Trump's Iran deal might not last

The text of the memorandum is not public. The “negotiations” between the US and Iran have occurred largely via intermediaries – Pakistan and Qatar. So far as we can glean from public statements, Iran has agreed to reopen the Strait of Hormuz from Friday, through which 20 per cent of the world’s oil supplies flow, and the US has agreed to end its naval blockade of Iranian ports in the Strait. All the tricky issues – the fate of Iran’s nuclear programme, sanctions relief for Iran in exchange for c