Let’s see what’s in the MOU and whether there’s anything beyond reopening Hormuz in return for ending the blockade, but don’t hold your breath for anything to happen at the end of the 60 day negotiating window. This was Trump’s MO with Gaza, and the Iran agreement has the hallmarks of the same pattern: negotiate a first phase that ends hostilities and gets the obvious stuff out of the way, promise a phase two that has all of the actual thorny issues and that never emerges, and declare victory and that peace has come to the Middle East.
I’ll be thrilled to be wrong, but my prediction is that the U.S. does not go back to war and also doesn’t get a deal that definitely ends the nuclear threat but rather downblends uranium that remains in Iran and gets some vague promises about future enrichment. Israel will have to swallow all of this, and concentrate all its efforts on the more immediate and proximate threat of Hezbollah, and tearing up the immunity card that it has just been given.