Robert Kagan: “Now that Trump has made clear he has no intention of fighting to reopen the strait, the stampede to get good terms with Tehran will begin. All nations heavily dependent on energy from the Persian Gulf will want to cut their deal quickly to get the oil and gas and other commodities flowing and rescue their battered economy…”
“Trump no doubt hopes that he can slip away without Americans noticing the magnitude of this defeat. The financial markets may stabilize if it is clear that oil will eventually start flowing again through a reopened strait, even if under the new Iran-controlled system. A major strategic setback for the United States need not affect Wall Street. The president may also hope that he can change the subject by launching another military operation, this time against the government in Cuba. And the news media have indeed begun writing more about Cuba than about the unfolding disaster in Iran.”
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