Common Contracts
1 similar Shared Interest and Stability Agreement contracts
ABSTRACTShared Interest and Stability Agreement • December 7th, 2022
The Strait of Hormuz lies between the Persian Gulf and the Oman Gulf and is the only sea route connecting the Arabian Sea to the Indian Ocean. It is a trading route that strategically brings energy from the Middle East to many countries worldwide. Accordingly, the United States (US) and Iran have shared interests in the strait and play a central role in maintaining its stability. Unfortunately, since 1979, the US and Iran have been involved in a conflict. The tensions between the two peaked after the US left the Joint Comprehensive Plan of Action (JCPOA), which specifically discussed the Iran nuclear deal. As a result, the security of the Strait of Hormuz has been disrupted by various Iranian attacks on merchant ships and Iran’s threats to close the strait. This study explains the impact of the US-Iran conflictual relations on the strait’s stability. It uses the concepts of conflict of interest and maritime security with a qualitative research method and case studies based on primary a
