·        The MOU is slated to be signed on June 19, but there are still many ambiguities between the US and Iranian narratives. ·        Overall, Trump blinks first and, as always, chickens out in his war of attrition with Iran as Trump seeks to unblock the SOH before the G7 summit in France. ·        Israel may not be happy with Trump for the present version of the US-Iran MOU. As highly expected, after much back & forth, on the early Asian session market opening Monday, June 15, US President Trump dramatically posted about the ‘finalization’ of his peace deal MOU with Iran. Late on US June 14, Trump’s birthday, Trump announced the much-awaited MOU, which is basically an agreement to reopen the Strait of Hormuz (SOH) fully after the removal of the month-long double blockade. Trump basically blinks first and reopens the SOH in an effort to bring oil down before he leaves for France to fa...