US-Iran MOU expires, Strait of Hormuz traffic halts

The 60-day US-Iran Memorandum of Understanding has expired with no extension agreed. Reports indicate traffic has halted in the Strait of Hormuz. Iran announced an 'understanding' with Oman on a new transit route, but no final deal has been signed. The expiration leaves the Strait of Hormuz, Iran's nuclear program, and sanctions relief unresolved. 85 clean stories shaped this window, with sentiment bearish at 34/100. Also in focus: Iran shifts to fully offensive policy, official warns of Strait of Hormuz escalation.