Politics, Geopolitics & Conflict The U.S. and Iran are back to negotiating over the same basic bargain that briefly ended the war in June: reopen Hormuz, ease the U.S. blockade, and use a temporary ceasefire to negotiate everything they can’t settle now.

The latest discussions in New York are focused on a phased arrangement under which Tehran would restore commercial shipping through Hormuz while Washington begins lifting restrictions on Iranian trade, with access to frozen Iranian assets also under discussion (at the same time, Washington…

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