Skeptical but Optimistic … my thoughts on the MOU
Posted By RichC on June 19, 2026
The editor of TheHustings requested the regular contributors to comment on what we expect from the US-Iran Memorandum of Understanding (MOU) to be formally released today.
My short comment below was included:
Markets are cheering the US-Iran MOU and promised reopening of the Strait of Hormuz after being close for the last 100 days. Oil is down ~5% to March lows, the Nasdaq is up 3% and the DJIA is hitting all time highs. Lower energy costs and eased inflation fears are welcome, but history suggests skepticism is warranted when making deals with Iran. Who really believes that when the ink dries on Friday’s formal signing that this will be a permanent peace? Cautious optimism here, but at least de-escalation will deliver relief for American families and our economy … that is if Iran follows through.
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