If Donald Trump calls it a peace deal, does that make it so? '"Let the oil flow," trumpeted the US president after agreeing on the day of his 80th birthday to a memorandum of understanding with Iran. Trump was quick to schedule a signing ceremony for this coming Friday in Switzerland, across from where he's flown in for a G7 summit on the French side of Lake Geneva.
We ask what's actually in the memorandum of understanding brokered by Pakistan and Qatar, and whether the uncertainty is well and truly lifted for the world's biggest maritime choke point, the Strait of Hormuz. Will Iran continue to charge for passage? Will the Gulf states pay the US protection money, as Trump insinuated in a New York Times interview?
