US-Iran Memorandum Falters as Renewed Strikes Ignite Gulf Conflict

Just one month after the United States and Iran signed a memorandum of understanding, the most severe hostilities in months have broken out. U.S. airstrikes and Iranian retaliatory actions, coupled with new attacks throughout the Gulf region, now threaten to dismantle the fragile ceasefire. With tensions escalating around the Strait of Hormuz and global oil markets responding sharply, the agreement appears effectively collapsed, raising urgent questions about the path forward. Al Jazeera’s Lina-Serene provides a detailed breakdown of the situation.

Published On 20 Jul 202620 Jul 2026

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