President Donald Trump speaks with Italian Prime Minister Giorgia Meloni at the G7, in Evian-les-Bains, France, June 16, 2026.(Evelyn Hockstein/Reuters)

As everyone not living in Plato’s cave already knows, the Iran war is “over” according to Donald Trump — this statement may or may not be inoperative by the time this goes to press, who knows — and in humiliating fashion: with the U.S. offering a series of concessions to Iran (to end a war that it voluntarily started) which fail to even return the world to the status quo ante. Rather, they leave us with nothing accomplished except the permanent immiseration of the global economy and the catastrophic erosion of America’s position in the Middle East and Asia as ...

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