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There Is No Good Deal to Be Made with Iran
(Washington Post) Editorial - Iran's seizure of Hormuz is best understood as hostage taking, but the hostage has already been shot. Oil prices, while elevated, are not catastrophic. Moreover, suppliers are routing around the problem. The U.S. should adapt its blockade to be more sustainable, while sanctioning anyone who buys Iranian oil that gets through. The regime's frozen assets should also stay frozen. And Iran's proxies should be relentlessly suppressed in Yemen, Iraq, Lebanon and Gaza. Crucially, Trump needs to keep the threat of significant escalation on the table, especially if Iran takes even the smallest step toward reconstituting its nuclear program. Cutting deals with a murderous regime has never been a good idea. Feeding Iran more money would reward bad behavior and fund the next round of chaos. The savviest dealmaker knows when it's time to walk away.