(EDITORIAL from The Korea Times on June 16) (opens original article in a new tab)

The U.S. and Iran agree to a memorandum of understanding to end hostilities, reopen the Strait of Hormuz, and begin 60 days of negotiations on nuclear issues and sanctions, leading to global market stability.

• U.S. and Iran agree to sign a memorandum of understanding to reopen the Strait of Hormuz and stop the U.S. naval blockade
• 60-day negotiation period begins to discuss nuclear issues and easing of sanctions
• Global markets stabilize with Brent crude oil dropping to $83 per barrel and stock markets rising