Geopolitical events
On May 28, 2026, details emerged regarding a draft peace agreement between the United States and Iran intended to resolve the ongoing military conflict in the Strait of Hormuz. The proposed framework suggests that Iran would maintain control over regional maritime traffic in exchange for the lifting of the U.S. naval blockade and the withdrawal of American forces from the vicinity. However, the Institute for the Study of War (ISW) cautioned that the proposal's omission of nuclear program constraints has sparked intense political debate in Washington, with critics arguing the deal would "significantly reduce U.S. leverage" in future strategic negotiations and fail to address long--term regional stability.