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Tehran's Hormuz Play: How a Memorandum Became a Lever

Within hours of new US Treasury sanctions on 10 July 2026, Tehran declared the Strait of Hormuz exclusively its jurisdiction and warned Washington that continued sanctions void the Islamabad Memorandum of Understanding.

An aircraft carrier with numerous fighter jets parked on its deck floats in deep blue water, viewed from directly above.
An aircraft carrier with numerous fighter jets parked on its deck floats in deep blue water, viewed from directly above. @alalamfa · Telegram

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Tehran's Hormuz Play: How a Memorandum Became a Lever - The Monexus