Former Defense Secretary Mark Esper stated on May 29, 2026, that he believes a memorandum of understanding (MOU) between the United States and Iran could alleviate tensions related to energy prices and the closure of the Strait of Hormuz. Esper emphasized that the agreement aims to move both nations toward a peace deal, suggesting it would reduce pressure on both sides regarding these issues.
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Esper Discusses Potential US-Iran Deal and Its Impact on Energy Prices
Mark Esper, former Defense Secretary, commented on a potential MOU between the U.S. and Iran, indicating it could ease tensions over energy prices and the Strait of Hormuz. He noted that the agreement is intended to facilitate a peace deal between the two countries.
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Esper: US-Iran deal would lift ‘pressure on both sides’ over energy prices, Strait of Hormuz closure
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Esper Discusses Potential US-Iran Deal and Its Impact on Energy Prices
