The world urgently needs a US-Iran deal now
Key takeaways
- Without a deal between Washington and Tehran, the fallout from Hormuz closure could deepen global energy, food and cost-of-living crises.
- Professor of Critical Development Studies at the Faculty of Environmental and Urban Change, York University, Toronto.
- At issue is not simply a ceasefire or a nuclear agreement.
Why this matters: an international story with cross-border implications worth tracking.
Without a deal between Washington and Tehran, the fallout from Hormuz closure could deepen global energy, food and cost-of-living crises.
Professor of Critical Development Studies at the Faculty of Environmental and Urban Change, York University, Toronto.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Ships and tankers in the Strait of Hormuz off the coast of Musandam, Oman, on April 18, 2026 [Reuters]As negotiations between the United States and Iran appear to move towards a possible breakthrough, the stakes extend far beyond diplomacy between two longstanding adversaries. At issue is not simply a ceasefire or a nuclear agreement. It is whether the world economy can avoid sliding deeper into widening energy, food and cost-of-living crises centred on the Strait of Hormuz.