The framework agreement between Iran and the US to negotiate a deal comes as a relief. Thousands of lives have been lost across West Asia in the last three-and-a-half months. Iran’s closure of the Strait of Hormuz and the counter-blockade by the US triggered an economic shock, reminiscent of the Covid days. Oil prices have fallen, and stock markets worldwide have rallied after the announcement of the framework agreement. However, amid the optimism, it is important to remember that what has been agreed to is not a final deal but a framework to address longstanding issues. The prospect of a return to unrestricted shipping is heartening. But that,........

© Indian Express