Will the Iran-US MoU reshape economic relations in the Gulf? Submitted by Zahra Ladha on Tue, 07/07/2026 - 09:52 The memorandum envisages sanctions relief and a reconstruction fund, but investors remain wary of security risks A ship is seen through a fishing net in the port of Fujairah, UAE, near the Strait of Hormuz, 2 July 2019 (Karim Sahib/AFP) Off The Memorandum of Understanding (MoU) signed by the United States and Iran on 17 June could reshape the economic landscape of the Gulf by opening the door to renewed trade and investment with Iran. Central to the agreement is a commitment to ease longstanding sanctions and integrate Tehran more deeply into regional economic networks.