Among those Red Lines is that there can be no Peace until Israel stops bombing Lebanon, so no matter what else is in the MoU as things to be discussed in the future like their Nuke program, there won't be Peace until Chump gets Bibi to heel.   I think also having the Sanctions lifted is a Red Line, so until Iran can start selling Oil on the open market, again no Peace possible.  The Iranians also need some kind of 3rd party guarantees against Chump going back on his word, like say the Chinese will supply them with means to retaliate to any type of aggression in kind.

Now, if the MoU does get signed, there may be some tentative increase in ships transiting Hormuz, but as long as Israel keeps bombing Lebanon and until there is generalized REAL peace in the neighborhood, the Insurance rates are going to remain high and many shipping companies and sailors will not sign up for those cruises.  Best case scenario right now would be they might get 20% of the old traffic back up over the next couple of months if the deal holds.  By then, just about all the strategic reserves will be drained and oil prices will start to rise further.  Further inflation in food prices as the harvests start coming in from fertilizer starved fields.  More Food Riots in many poor countries.

Big question is what kind of action Chump will take to reign in NitwitYahoo besides just chewing him out over the phone to get him to stop messing with Lebanon?  He'll need to drop on some kind of Sanctions as punishment, and they need to be severe enough to actually hurt.  Otherwise, it's BAU and we're right back to where we began.

RE