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Notes -
No peace deal with Iran
Can I just point out that 21 hours seems too short for negotiations? I don't think the talks were done in earnest, at all. The 150-page JCPOA took almost 2 years of frivolous negotiations and lasted just as long. A 21 hour session in the middle of an active conflict is not very likely to reach a better equilibrium that both parties are happy with. Iran carried bloodstained schoolbags of kids killed in the Minab strike on the flight to Pakistan, they were certainly not there to surrender. I suspect the administration (or at least Vance) already knew this, and deliberately structured one-sided terms intended to be rejected so Trump can attempt building political scaffolding for escalation and blame Iran ("Look, we offered Iran a peace deal and they chose not to accept it"). Meanwhile, the Israelis have been busy!
Between accepting one of the greatest strategic defeats in decades, and trying to prosecute a horrific war amidst historic energy and food prices, we remain stuck with the latter.
Why? These things are usually drawn out because America and Iran don’t negotiate directly and pass everything through intermediaries. And by Trump’s account they agreed essentially on every point except for the nuclear question. I don’t see why it would take longer than 21 hours to realize that, the idea that negotiating is this special activity that takes lots of expertise is a myth from the Georgetown school of foreign policy to promote the need for bureaucrat-scholars to run everything.
The leading theory on this forum a week ago was that Trump was losing so badly he would accept any peace deal as long as it was face-saving and he could declare victory. Not so?
America totally destroyed Iran’s military in a stunning lopsided victory. I’ve been told this was only a tactical victory because Iran now controls the straits and is using that as leverage, but, weirdly, Trump is now announcing a blockade of the straits himself. Perhaps America isn’t defeated?
I fear that denying this will have me marked as some kind of rabid Trump fanboy who can’t deal with reality but I have to point out that oil was much higher during the 2008 crisis, back when the same dollars were worth more.
The US having tactical military dominance over Iran can hardly be "stunning". The US not being able to translate military dominance into a strategic victory is, well, somewhat par for the course, but is in this case at least a bogey, and probably a double or triple given that the strategic loss on the Strait has fundamentally worsened our security/economy, by a lot, compared with pre-war.
Oil tankers are now filling up at American ports because we have oil and the rest of the world does not. America controls a near-majority of the world’s oil supply and has a surplus even if prices go up. We destroyed Iran’s military and are dictating terms. I guess America is losing because Europeans are mad it’s not going faster?
US economy and stock market will be and are worse from the war. For the US, our own fossil fuel production and exports cushion the blow, but it is unambiguously an overall negative.
I disagree, that this is "unambiguously an overall negative"
There are geo-political considerations that go beyond just "make number go up"
That's AI slop.
Did you watch the video?
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