Disagreements have emerged over the US-Iran deal.

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Who controls the world's most important waterway, the Strait of Hormuz, Washington or Tehran? This question is now swirling from the diplomatic corridors of the Middle East to the international energy market. One day the Strait of Hormuz is closed, the next day it is open, and the next day it is closed again. Again, a new deal is on the negotiating table. Looking at the recent events in the Middle East, many may feel that the fate of the Strait of Hormuz is being rewritten every day. Amid this dramatic situation, last week Trump and Iranian President Masoud Pezishkian signed a memorandum of understanding on behalf of their respective countries.

As a continuation of which, Iranian and US representatives have been sitting face to face in Bergen Stock, Switzerland since June 21. The goal is to find a way to permanently end the war after four months of conflict. On his way back home after the talks, Iran's chief negotiator Mohammad Bagher Ghalibaf announced that the Strait of Hormuz would never return to its pre-war status. Its administrative management would remain under Iran's control under international law. Iran's state news agency IRNA reported his statement on June 23. However, Ghalibaf claimed that good achievements had been made during the visit.

Progress had been made, especially on the Strait of Hormuz, the situation in Lebanon, the easing of sanctions on the oil sector, and the release of seized funds. However, he also reminded that the game was not over yet. We are at the very beginning of this process. There is still much work to be done. After the war, Iran closed the Strait of Hormuz. This spread concern in the world market. Because a large amount of oil and gas from the Gulf region enters the world market through this route. Later, after an agreement between Washington and Tehran, the strait was reopened. Everyone thought, let the storm pass

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After the Israeli attack on Lebanon on June 20, Tehran closed the Strait of Hormuz again. As a result, the reckoning of shipping companies and oil traders has started again in the world market. According to analysts, Hormuz is now not just a waterway, but it has become one of the most powerful tools for exchanging political messages. Iran and the United States have agreed on a new step to reduce tensions. According to the mediators from Qatar and Pakistan, the two countries will establish a direct communication system to ensure the safety of commercial shipping. That is, the two sides will be able to quickly communicate with each other in times of crisis during commercial shipping in the Gulf region so that misunderstandings can be avoided and major conflicts can be avoided.

Iran has agreed to allow UN nuclear inspectors to work in the country again. After that, the US Treasury Department suspended some of the sanctions imposed on Iran's oil sector for sixty days. According to the agreement, Iran will benefit from limited sanctions relief and some assets seized abroad will also be released. However, in the meantime, Trump issued a warning against Iran while speaking to reporters on June 22.

New disagreements have emerged between the two sides over the release of funds and their use. The release of funds will be used primarily to buy food products and will ultimately return the money to American farmers. On the other hand, there is no such obligation in the agreement. The seized funds can be used to buy any legitimate product that is not covered by the sanctions. Negotiations underway in Switzerland are now trying to make the fourteen-point interim agreement permanent. Both sides are talking about progress.