FacebookTwitterEmailLinkedin The Memorandum of Understanding (MoU) between Washington and Tehran in mid-June, which set out a 60-day framework for reaching a final settlement, briefly raised hopes that the Hormuz crisis was moving toward a stable resolution, according to Intermodal’s weekly market report. According to Intermodal’s Senior Analyst, Nikos Tagoulis, those expectations soon faded. Over the past week, renewed Iranian attacks on commercial vessels transiting the strait, prompted Washington to reinstate the oil export sanctions suspended under the agreement. RelatedNews MSI: VLCC ordering hits record in historic first half Shipping dodges Trump’s Hormuz fee, but new Red Sea threat could emerge var jnews_module_21378206_0_6a576a530ac35 = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21378206","include_category":"","exclude_category":"","include_author":"","include_tag":"4346,1573,2647","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,"ads_type":"disable","ads_position":1,"ads_random":"","ads_image":"","ads_image_tablet":"","ads_image_pho