US, Iran miss 60-day deadline as June war truce breaks down
Why it matters: The lapse leaves the Strait of Hormuz constrained and deepens an economic standoff that could slide back into fighting.
The United States and Iran missed their 60-day deadline on Aug. 17 to reach a broader agreement to curb Iran’s nuclear program, highlighting the collapse of the June ceasefire framework. The deadline had been built into a memorandum of understanding that President Donald Trump cast as a path to ending the war, but the deal did not reopen the Strait of Hormuz or settle the conflict, now in its sixth month. Both sides have recently signaled the arrangement is effectively over. Washington has rescinded waivers on Iranian oil and reimposed a naval blockade of Iranian ports, while Iran has used its grip on the strait to pressure global energy flows, raising the risk that economic confrontation could tip into renewed military conflict.