The agreement signed at the Palace of Versailles in France by the United States and Iran offers a glimmer of hope after months of devastation, even if recent events demonstrate how fragile peace in West Asia remains. The killing of four Israeli tank crew members by Hezbollah militants and Israel’s retaliatory strikes, which reportedly claimed several Lebanese lives, have already cast a shadow over negotiations that were to commence in Geneva for a comprehensive settlement. Yet, the cautious resumption of cargo movement through the Strait of Hormuz has provided immediate relief to an anxious world. Crude oil prices have softened, and consumers in the United States have reportedly begun to benefit from a decline in gasoline prices by nearly a dollar a........

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