Following discussions on a ‘ceasefire MOU’ between the United States and Iran to de-escalate tensions over the Strait of Hormuz, the Middle East’s political landscape has shifted. Iran has adopted a more conciliatory stance, and the United States is currently negotiating the MOU draft with Iranian officials. This agreement includes key issues such as the nuclear deal and sanctions relief, and is expected to impact global energy markets and U.S. Middle East strategy.