SPARKS ARE FLYING, YET NO ONE IS STEERING
The question posed by the last twenty-four hours is not whether Donald Trump or Iran is “winning” the war, or whether the latest actions represent an escalation or a walking backward. Both questions assume that someone is choosing. What is underway is a broader dynamic propelling events as if automatically—a condition in which what has […]
WASHINGTON YANKS IRAN’S OIL WAIVER AS THE CEASEFIRE UNRAVELS
The fragile U.S.–Iran ceasefire came apart this week at its economic seam. On July 7, the U.S. Treasury’s Office of Foreign Assets Control revoked (with a ten-day grace period) “General License X”—the waiver, barely two weeks old, that had lifted U.S. sanctions on Iranian oil exports and the banking, insurance, and shipping services around them. […]