In his relentless pursuit of a deal with Iran, Donald Trump has now returned to military escalation, resuming combat operations and warning that the United States will seize Iran’s key oil export hub on Kharg Island. This so-called moderate ceasefire signals a renewed campaign of punishing strikes on Iran until it agrees to terms set by the administration’s negotiating team. As Miad explains, however, Iran’s hardline is not the “leverage” Tehran believes it to be, because Iran ultimately must reopen the Strait of Hormuz for its own economic survival. But at this moment, Donald Trump has no viable partner for peace, and Iran will likely never offer such an option. As Marc and Dany point out, there is no Iranian Delcy Rodríguez, and these kinds of arrangements have expiration dates, particularly as 2028 approaches. As long as the sole measure of success in Iran is a negotiated deal, the Iranians hold the power to decide whether victory is possible. It is up to Trump to decide whether that's acceptable.

Miad Maleki is a senior fellow at the Foundation for Defense of Democracies (FDD), former senior U.S. sanctions strategist and national security leader, and former associate director for the Treasury’s Office of Global Targeting at the Office of Foreign Assets Control (OFAC). Miad played a central role in marshalling the Treasury Department’s sanctions campaigns against the Iranian regime and its proxy groups: Hezbollah, Hamas, Iraqi Shiite militias, and the Houthis. He is also a U.S. Air Force Veteran.

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