Belgian MP carries Iran’s Lion and Sun flag into World Cup stadium

Shipowners will avoid resuming transit through the Strait of Hormuz for weeks until they are confident the US-Iran agreement has changed conditions on the water, the Financial Times reported on Tuesday, citing the head of the world’s biggest tanker operator.

Jotaro Tamura, chief executive of Mitsui OSK Lines, said many operators would wait before restarting crossings despite the agreement to reopen the strait.

“What will have to come in place is not just a simple agreement between the relevant countries, but it has to be material and translated into the real situations in the Strait of Hormuz, so that shipping lines can make themselves comfortable to go through,” he said.

US Democratic Senator Chris Murphy told CNN that the US military was led into a war with Iran that it could not win.

“I give a ton of credit to our generals and our soldiers, but they were led into a war that they could not win,” Murphy said. “The military mission was impossible. There was no way for airstrikes to eliminate Iran's nuclear program, their drone program, or their missile program.”

Murphy said he supported ending the war immediately, even on what he called “humiliating” terms, because continuing it would have been worse for the United States.

“We need to stop this war right now unilaterally because Americans can't bear the prices. Iran is getting stronger every single day,” he said.

Mark Dubowitz, chief executive of the Foundation for Defense of Democracies, said he does not expect the current US-Iran agreement to lead to a final deal, adding that the arrangement is primarily aimed at restoring oil supplies to global markets while broader disputes remain unresolved.

"There will be no final Iran deal. This phase one is about getting oil back to market at the lowest possible price paid to the regime. We’ll find out what that price is over the next 30–60 days," Dubowitz posted on X.

"There is no phase two deal. Soon enough, President Trump will be back to relying on American power, not the regime’s false promises. At that time, the strategy needs a missing pillar: maximum support for the Iranian people. Economic and military pressure can weaken the regime. The Iranian people can cripple it. Together, they offer the only path to a durable solution," he added.

Josh Block, chief executive of The Israel Project, published what he said was the text of the US-Iran memorandum of understanding on Monday on X, which includes a proposed $300 billion reconstruction and economic development plan for Iran, sanctions relief measures, and a commitment by Tehran not to pursue nuclear weapons.

“The United States undertakes, together with its regional partners, to create a comprehensive plan agreed upon by both parties for the rehabilitation and economic development of the Islamic Republic of Iran, while ensuring financing of at least $300 billion,” the document said.

No oil tankers passed through the Strait of Hormuz on Monday evening despite the US-Iran agreement announced a day earlier, according to an NBC News report citing vessel-tracking data.

The report said only four tankers successfully transited the strategic waterway since the agreement was announced, while most others remained anchored outside the strait awaiting further developments.