Dire strait? Trump’s bid to end Iran war before midterms risks Republican anger
The Trump administration is reportedly negotiating a 60-day memorandum of understanding with Iran to extend a ceasefire and begin talks on its nuclear program. This potential deal faces internal administration and Republican party divisions, with hawks accusing the US of surrendering to Iran. The administration is also grappling with mounting economic costs from the closure of the Strait of Hormuz, which flows 20% of global oil transit. Leaked terms suggest potential sanctions relief and the release of frozen Iranian assets, drawing criticism that it resembles or is worse than the JCPOA. President Trump is reportedly delaying finalizing the deal to mitigate political backlash ahead of midterm elections, despite pressure to resolve the economic impact of the Strait of Hormuz closure.