President Trump has had his fair share of criticism for his outlandish and often unsubstantiated comments and worldview, but he accurately predicted that oil prices would drop like a stone well before the ink dried on the extended ceasefire agreement.
The 14-point memorandum of understanding has been made known in detail to the general public, and while any cessation of war is a good thing, this agreement of sorts seems fraught with possible trip-ups. It is described by Washington as "performance-based", with Iran benefitting only if it complies with its commitments.
Although the US administration will never admit it, there are no winners in the latest Persian Gulf hostilities. For there to be one, the other side would need to surrender unconditionally, and the Memorandum of Understanding agreed at the end of last week and due to be signed on Friday is anything but that.
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