The White House has ruled out reviving its June memorandum of understanding with Iran, saying Iranian violations require an entirely new framework with stronger terms. The MOU called for an end to military operations, reopening the Strait of Hormuz to toll-free commercial shipping for an initial 60 days, lifting some U.S. sanctions on Iranian oil exports and creating a $300 billion reconstruction initiative. Continued strikes in Lebanon triggered mutual accusations of breaching the ceasefire provisions. Trump declared the MOU "over" on July 8, three weeks after it was signed, while a 60-day negotiation period assigned to Vice President JD Vance and his counterparts expired around Aug. 17 without a comprehensive follow-on agreement. Iran’s spokesman Esmail Baghaei and President Pezeshkian offered different accounts, but the administration says Tehran’s continued military activity made the agreement unworkable. Pakistan and Qatar participated in mediation efforts. The collapse leaves the reconstruction package and contemplated oil-sanctions waivers in limbo, while the White House’s demand for stronger terms points to a more hawkish starting position for any future talks. Roughly one-fifth of the world’s petroleum passes through the Strait of Hormuz.