With skirmishes breaking out around the Persian Gulf and a memorandum of understanding allegedly making its way to the president's desk, the Middle East is teetering between a new round of fighting and an uneasy peace. As of this writing, the terms of this MOU are not fully known, but reportedly for 60 days Iran will reopen the Strait of Hormuz in exchange for the United States lifting its blockade and allowing some oil sales. As described, the MOU would largely benefit American interests.