The United States and Iran have officially signed a memorandum of understanding aimed at ending the war in Iran. The 14-point agreement includes an immediate end to fighting on all fronts including Lebanon, an end to the U.S. naval blockade on Iran and the full resumption of maritime traffic through the Strait of Hormuz. It also proposes easing oil sanctions on Iran, unfreezing Iranian assets and launching a $300 billion investment fund to rebuild Iran, all while tabling the question of Iran’s nuclear program, which is instead set to be negotiated over in the coming months.
“The United States is more eager for this war to end than Iran is,” says professor Vali Nasr, who teaches at the Johns Hopkins School of Advanced International Studies. “In Iran, they’re very triumphant.” We discuss the long-term effects of the war, from the growing U.S. distrust of Israel, to the new generation of political leaders in the Islamic Republic, to the evolution of Iran into a major power player in an increasingly multipolar world.
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The Donald Trump administration, following reports of the rapid dwindling of stockpiles during its war with Iran, is now seeking to accelerate and expand the production of weapons in the country.
elevation , June 17, 2026