Jonathan Hill: Iran emerges from the crisis with more negotiating leverage

The agreement that ended hostilities between the US and Iran has raised hopes of de-escalation across the Middle East. Yet beneath the surface calm, critical issues remain unresolved — from Tehran’s nuclear programme and the security of the Strait of Hormuz to the broader balance of power across the region.

The overriding question is whether the agreement marks the beginning of a sustainable diplomatic process or merely a temporary pause before fresh tensions erupt, Jonathan Hill, Director of...