- WSJ no paywall [click the down arrow in the lower right hand corner of the page]: “A senior Trump administration official read out President Trump’s memorandum of understanding to reopen the Strait of Hormuz and wind down the war with Iran in exchange for financial incentives for Tehran that will begin immediately. Another official, speaking at the same event Wednesday, said Iran had asked the U.S. not to release the text itself. The Wall Street Journal produced this transcript, along with Journal analysis of the crucial points. The United States of America and the Islamic Republic of Iran have jointly agreed in good faith on such and such a date on the following…”
- The New York Times [no paywall] – A Look at the Text of the Agreement Between the United States and Iran. New York Times reporters annotated the agreement, which a senior official disclosed on Wednesday.
- Developer: “Explainer: The Key U.S.-Iran Deal Provisions on Hormuz, Oil Sanctions and Lebanon. U.S. officials have revealed a preliminary MOU between Washington and Tehran to end the costly 110-day conflict.
- The Mirror of History – The Iran deal is a mixed bag – But Iran gets the biggest advantages. Report card time for the U.S.-Iran ceasefire deal. Who won after all the bombing and disruption of the world economy? It will probably take a year or more to make a definitive assessment, but let’s take a look point by point.
- Some Republican senators are apoplectic over the Iran war deal text that came out today. Sen. Bill Cassidy (R-La.) called Trump’s Iran war “the worst foreign policy blunder in decades,” and Sen. Ted Cruz (R-Texas) told reporters [note – this is a link to X] Trump “is receiving some very poor advice on this deal.”
- Axios – Breaking down the billions Iran could receive under Trump’s deal. Now, the global economy remains reeling due to the closure of the Strait of Hormuz, and Iran will receive billions and emerge as a tollmaster using its immense leverage to extract more concessions from Trump.
- Iran will charge toll fees to every ship that traverses the Strait of Hormuz – starting on day 61. Note – the United States has run down its oil inventory to a level of four weeks. And from the Strait to the refinery to planes and cars will take up to 6 months. Trump, and America, are not done losing yet.
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