Bloomberg: “Both countries have cast the memorandum of understanding — signed by the two countries’ leaders on June 17 — as a victory for their side. Analysts suggest that Iran came out on top by securing new sanctions relief and funds for reconstruction.”“The U.S., on the other hand, only secured the reopening of a waterway — the Strait of Hormuz — that was operating normally before the war, and got concessions on Iran’s nuclear program that Tehran has made before.”Los Angeles Times: Long list of U.S. concessions to Iran raises specter of a “lost war.”