In this paper, we discuss:

  • Why the new US-Iran ceasefire is more likely to hold than previous agreements reached since the conflict began;
  • How reopening the Strait of Hormuz and lifting the US blockade address the most urgent economic drivers of the conflict;
  • Why unresolved disputes over Iran’s nuclear programme and sanctions relief remain major obstacles to a lasting settlement;
  • How Israel’s rejection of the agreement represents the most immediate risk to the ceasefire’s durability;
  • Why the deal should be viewed as a structured armistice rather than a comprehensive peace settlement.

Download PDF: US – Iran Deal – June 2026

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