BREAKING: IRAN PEACE DEAL TALKS PAUSED DUE TO BACK & FORTH STRIKES - w/ Prof. Steve Hanke

International agreements that lack clear, binding terms create significant instability and potential for conflict, as demonstrated by the breakdown of the Iran-US MOU where every term was violated, and the contradictory deals between the US, Iran, and Lebanon regarding Hezbollah's disarmament. When agreements are vague and non-binding, parties can interpret terms differently, leading to violations and escalation. The Strait of Hormuz situation exemplifies this, where Iran's credible threat to close the strait creates global energy market uncertainty, while the US and Israel's contradictory positions make diplomatic resolution unlikely. The 80/20 rule suggests that successful negotiations require clear terms, but political pressures for quick resolutions often result in ambiguous agreements that fail to achieve their intended goals.