23 Jul 2026 8:47 am
Iran War Live Updates: Oil Prices Hit $100 a Barrel After Attacks in Red SeaROG62 » 04 Jul 2026, 9:47 am » wrote: ↑ By signing a deliberately vague Memorandum of Understanding (MoU) in Islamabad on June 17, 2026, I believe that the Trump administration set up Iran - while President Trump, Oman and Iraq worked together with Israel and the rest of the Gulf to neuter the IRGC.
While Iran believed the agreement would hand them de facto control over the Strait of Hormuz and their proxies - allowing them to establish tolls, inspections, and a new revenue stream run by the IRGC - the Trump administration had other plans.
Trump essentially pulled the rug out from under Iran’s primary source of leverage.
By opening a southern shipping corridor right along the Omani coast, they gave international tankers a clear way to completely bypass the Islamic Revolutionary Guard Corps (IRGC) checkpoints in the Hormuz Strait and northern routes.
When the Trump administration signed the Islamabad MoU on June 17, the language regarding the Strait of Hormuz was intentionally left vague—stating that Iran and Oman would jointly discuss the "future administration" of the waterway. Iran read that as a green light to establish a de facto toll booth and vetting system under the guise of maritime safety.
Oman, however, WORKING WITH TRUMP, immediately leveraged international law (specifically UNCLOS, the UN Convention on the Law of the Sea) to announce that no passage fees would be permitted in their waters.
Because Oman’s route is free and legally clear, it leaves Iran's new vetting agency completely stranded with no one to tax.
https://open.substack.com/pub/tierneyre ... medium=ios
DAAYUM BITCHEZ! the chillen’ gonna be upset…
The price of Brent crude soared after Iran’s Houthi allies in Yemen claimed strikes on two Saudi tankers. President Trump warned that the U.S. would hold Iran directly responsible for further attacks by the group