The world urgently needs a US-Iran deal now
The urgency for a US-Iran deal is highlighted as negotiations progress, with potential implications for the global economy. A proposed agreement could address the reopening of the Strait of Hormuz, crucial for oil and gas supplies. Failure to reach a durable agreement may exacerbate existing energy, food, and cost-of-living crises worldwide.
- ▪Negotiations between the US and Iran are reportedly moving towards a potential breakthrough.
- ▪The Strait of Hormuz is vital for global oil and gas supplies, with disruptions leading to increased costs.
- ▪Developing economies are particularly vulnerable to rising energy and food prices due to their dependence on imports.
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OPINIONOPINION, Opinion|US-Israel war on IranThe world urgently needs a US-Iran deal nowWithout a deal between Washington and Tehran, the fallout from Hormuz closure could deepen global energy, food and cost-of-living crises.By Ilan KapoorProfessor of Critical Development Studies at the Faculty of Environmental and Urban Change, York University, Toronto.Published On 25 May 202625 May 2026ListenListen (6 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoShips and tankers in the Strait of Hormuz off the coast of Musandam, Oman, on April 18, 2026 [Reuters]As negotiations between the United States and Iran appear to move towards a possible breakthrough, the stakes extend far beyond diplomacy between two longstanding…
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