Sunday, 19 April 2026
A decent deal with Iran will be a miracle
The way things are going, a real deal, ie one that really brings longlasting peace in the Middle East, is about as far away as it has ever been. Donald Trump keeps saying a deal is close but then he is once again threatening to destroy Iran's energy infrastructure and every single bridge. According to the Pentagon, the US military is locked and loaded to do just that if the president gives the order. On the other side, the Islamic Revolutionary Guard Corps which is effectively running the show in Iran at the moment has made it clear that it will control the Strait of Hormuz for ever. It never wants to give up control of the best and biggest trump card it has to keep Trump at bay. Where is the peace deal in all of this? If Trump doesn't get what he wants by Wednesday when the two-week ceasefire comes to an end, I believe he will give the order to the Pentagon to smash everything to bits in Iran. Iran's economy will be totally destroyed. Even now, with the naval blockade preventing Iranian ships from leaving seven ports in the Gulf waterway, Tehran is losing an estimated $340 million a day in exports. That's $2.3 billion a week in lost revenue. How long can the country survive with that sort of punishment? But the IRGC still has its stranglehold of the Strait of Hormuz. Trump may not care that much because the US doesn't need its ships to go through the chokepoint with oil and gas. The US has all the oil and gas it needs, thank you very much. In fact a lot of foreign-flagged oil tankers are now offloading in Texas which suits the US economy. But this sort of brinkmanship cannot go on for ever, and Iran definitely can't afford to have every power plant destroyed by bombing. So someone has to give in. Who is it going to be? I think it will have to be Iran and, if so, the IRGC will need to be overruled by whichever ayatollah is still capable of making decisions. It will be a miracle if Trump gets his way.
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