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The memorandum of understanding signed by the US and Iran last week is an important step forward. After months of open hostilities that have exacted a heavy toll — in both lives and livelihoods — and inflicted significant economic damage worldwide, the memorandum provides a much-needed foundation for diplomacy that could reverse the stagflationary spillovers of the war. Since
Published: June 21, 2026 5:56 pm
Source: Arab News — Read original