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What’s Next for US-Iran in Hormuz With Expired MOU?

Bloomberg Markets Tuesday 18 August 2026, 12:01 UTC 1 min read
Key Points

US President Donald Trump said he won’t try to revive a lapsed ceasefire deal with Iran, which gave the parties a 60-day window to negotiate a lasting peace deal. Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines what comes next after the expiry of the memorandum of understanding and with the Middle East conflict and control of the Strait of Hormuz stuck in limbo.

US President Donald Trump said he won’t try to revive a lapsed ceasefire deal with Iran, which gave the parties a 60-day window to negotiate a lasting peace deal. Col. Wayne Sanders (Ret.) of Bloomberg Intelligence examines what comes next after the expiry of the memorandum of understanding and with the Middle East conflict and control of the Strait of Hormuz stuck in limbo. (Source: Bloomberg)
US (LOCATION) Iran (LOCATION) Hormuz (LOCATION) Donald Trump (PERSON) Wayne Sanders (PERSON) Ret (ORG) Bloomberg Intelligence (ORG) the Middle East (LOCATION) the Strait of Hormuz (LOCATION) Bloomberg (PERSON)
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