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Iran's official media agency reports that Iran and the US have signed a MoU to end their fighting and blockade in the Gulf region.

Posted to Maritime Reporter on June 17, 2026

According to a 'MoU' published by Iran’s official IRNA News Agency on Wednesday, both countries will end their fighting on all fronts. They also agreed to stop naval blockades in the region. Iran's official news agency released details about the?deal that will be signed on Friday.

Oil markets bet Trump wouldn't back down on Iran. Bousso

Posted to Maritime Reporter on June 16, 2026

Never bet against Donald Trump. Oil market made a bet from the first day of the Iran War: the U.S. president would not let the conflict spiral into an economic crisis. The traders would not price in a single barrel, regardless of what happened with physical supplies.
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