The measure, announced by the Khatam al-Anbiya Central Headquarters, was taken in response to violations by the U.S. government of the memorandum of understanding signed to end the war. Nonetheless, reports indicate that no ground moves have been made to this end.
Key Takeaways:
Iran threatened to close the Strait of Hormuz, risking renewed oil market stability after an IDF blitz.CENTCOM countered on June 20, reporting 55 ships moved 17M barrels to stabilize oil prices.Oil dropped to $77, and Bitcoin topped $66K after the ceasefire, but a Strait closure would hit risk assets.The Iranian regime is taking action against what it qualifies as a breach of the previously signed memorandum of understanding to end the current conflict in the Middle East.
The first clause of the document stresses that “the United States of America and the Islamic Republic of Iran and their allies in the current war, by signing this MOU, declare the immediate and permanent termination of military operations on all fronts, including in Lebanon, and undertake from now on not to initiate any war or any military operation against each other.”
The measure comes as the Israel Defense Forces (IDF) launches a massive air strike campaign against objectives in Lebanon, hitting at least 80 targets allegedly linked to Hezbollah, and killing dozens of its members. Nonetheless, Lebanese authorities claim that over 47 people were killed and 97 people were wounded during these strikes.
