The memorandum of understanding signed earlier this month came under strain Thursday afternoon after Iran attacked commercial ships in the Strait of Hormuz.

As the latest confrontations are aimed at control of the Strait of Hormuz, analysts say the deal is at risk of collapse.

A tanker reported being struck in the Strait of Hormuz as the US and Iran traded attacks, with tensions over the critical waterway straining a peace deal between the two nations.

US and Iran to hold talks on the Strait of Hormuz. Diplomatic meeting by July 31 at 69% YES.

US and Iran agree to stop strikes, with talks planned in Qatar over the Strait of Hormuz dispute amid efforts to ease Middle East tensions.