ZeroHedge
BY TYLER DURDEN
TUESDAY, JUL 28, 2026 – 11:40 AM
Update(11:35ET): Here we go again… despite no evident change in war posturing on either side, and despite shipping traffic still largely at a complete standstill in the Strait of Hormuz, Fox News is out with claims that the failed Memorandum of Understanding (MoU) could be ‘resurrected’… bringing us back to the ‘deal is close’ constant headlines of earlier this summer (though of course the sides were never in reality close– and simply returned to a wider bombing campaign)…
"Mediators of the ongoing conflict in the Middle East believe the U.S. and Iran are close to a deal that would resurrect the failed memorandum of understanding, according to The Times of Israel," Fox writes, based on the earlier Israeli media article. Negotiators from Pakistan, Egypt and Qatar have been haggling over an Oman-proposed Strait of Hormuz management plan. It will involve fee-collection and is backed by the Gulf states, supposedly. The timing of all of this interesting given Trump is currently hosting Netanyahu at the White House. More from Fox:
Iran and Oman — both of which are situated on the Strait of Hormuz — have reportedly signed off on the proposal advanced by the mediators.
The two sources said the White House was waiting to make a decision until after President Donald Trump meets with Israeli Prime Minister Benjamin Netanyahu on Tuesday.
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