The US-Iran ceasefire signed on June 14 has collapsed, with Iran re-closing the Strait of Hormuz and the US reinstating a blockade. Trump's proposal of a 20% fee on cargo transiting the Strait violates international law and escalates tensions. India faces direct human cost as one Indian crew member is killed and another missing after Iranian cruise missile strikes, while global oil prices surge to a one-month high.
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1-Minute Revision
- ›MoU Date: June 14, 2026
- ›Negotiation Period: 60 days
- ›Target this Data: June 14 Memorandum of Understanding (MoU), 60-day negotiation period, 20% cargo fee proposal, 1 Indian crew killed, 1 missing.
- ›Target this Nodal Body: Strait of Hormuz (geographical entity, not an institution) — location, significance.
- ›Target this Legal Point: International law prohibits levying tolls/fees on international waterways (UNCLOS provisions).
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