I haven't written about the Iran Memorandum of Understanding, because there is nothing to write about. This all feels like more bullshit that Trump gave himself as a birthday present.
We shall see in the coming days, but at best this ends the war with Iran in a largely improved strategic positions, even if their regular military capacity is badly degraded. They have learned the lesson that that simpering idiot Pete Hegseth has not: 21st century warfare belongs to cheap drones.
Iran controls the Straits. That is a new geopolitical reality created by Trump's stupid war. The MOU is an attempt to move past this with some handwaving, but it's the truth. What's more, oil prices are unlikely to fall to pre-war levels for quite some time, so I'm not even sure this works to his benefit.
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