Larry Johnson, Zulfiqar Ali: BREAKING Trump Signed the Iran Deal – Here’s What Reopening Hormuz Actually Means

by Transition Protocol [6-22-2026] Larry C. Johnson(bio).

Trump has signed a US–Iran Memorandum of Understanding at the G7, reopening the Strait of Hormuz on a 60-day toll-free window after the closure that cut roughly 20% of global oil supply since February. In this episode, former CIA analyst Larry Johnson and Zulfiqar Ali break down why the deal happened — the diesel-versus-jet-fuel crunch analysts warn is still coming — and the surprise broker behind it: Pakistan, whose Field Marshal Munir and Prime Minister mediated directly between Tehran and Washington.

We connect the signed MOU to the harder questions: why "open" doesn't mean oil flows tomorrow (ship servicing, damaged terminals, mines and insurance), what Iran pricing its oil to China in yuan signals for the dollar, and how a new Gulf security conversation is taking shape. Source-based claims in this episode are identified as such; we flag what is confirmed versus what remains developing.

Source note: Larry Johnson is a former CIA and State Department counterterrorism official; Zulfiqar Ali contributes regional sourcing. Transition Protocol is a source-driven geopolitics and global-finance channel.