The MoU between Iran and the US is a strategic victory for Tehran, as Washington failed militarily and economically to achieve its objectives, forcing the American Empire to accept terms it had long rejected, says a former US official.

Iran-US MoU to be signed in Geneva on Friday marks Trump's humiliating defeat, as Washington failed to subdue Iran or achieve the goal of “regime change,” vindicating the Islamic Republic's resilience while exposing Israel's strategic collapse.

The MoU between Iran and the US to end the war of aggression has been widely welcomed worldwide as both sides prepare to formally sign it in Geneva on Friday.

One year after the 12-day imposed war, Iran has emerged as a regional superpower by defeating the US-Israeli war machine twice, while America – humiliated, economically drained, and stripped of credibility – now desperately seeks a deal to escape war and avoid complete collapse.

Shortly after the US military launched a fresh act of aggression against Iran early on Thursday, the Islamic Revolution Guards Corps (IRGC) Navy warned that any vessel approaching the strategic waterway would face decisive action.

Fresh explosions were reported in southern Iran early on Thursday as the American military confirmed its fresh aggression targeting the Islamic Republic.

Limited transit through the Strait of Hormuz and physical damage as a result of US aggression against Iran have dealt severe economic blows to the oil and non-oil sectors of the Persian Gulf countries, an economist says.