7 THINGS THAT MATTER NOW:
Iran war post-mortem. The Iran war ceasefire President Trump declared on April 7 is awfully shaky, given that there’s not much Iran and the United States agree on in terms of a peace deal. But it’s also hard to see why either side would want to start shooting again.
Trump obviously panicked at the prospect of oil prices hovering above $100 per barrel and gasoline prices heading toward $5 per gallon. He can’t risk a return to that. Iran is battered, but it has newfound control over the Strait of Hormuz and a huge new revenue stream if it remains able to enact “tolls” on tankers of up to $2 million per ship. That could net $60 billion per year, or more.
Nobody has “won” this war. For now, each side lost something. Three takeaways: