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THEATLANTIC.COM • 2026-05-24

Trump’s War Is Staggering to an Incoherent Defeat

Only a day ago, Trump was trying to project confidence. Yesterday, he hailed an agreement with Iran as mostly done; it was, he said on his Truth Social site, “largely negotiated” and close to “finalization.”

The Iranians, of course, immediately disputed this characterization, and by the next day, Trump was backpedaling. "If I make a deal with Iran," he posted this afternoon, "it will be a good and proper one, not like the one made by Obama, which gave Iran massive amounts of CASH, and a clear and open path to a Nuclear Weapon." The agreement that was only a day earlier "largely negotiated" was now only a notional memorandum, and Trump griped that it was unfair to criticize it because "nobody has seen it, or knows what it is," and it "isn't even fully negotiated yet."

As usual, you heard it here 1st! As I predicted, the so-called "agreement" was merely a memo of shit to discuss in future as yet unscheduled meetings while the "ceasefire" keeps firing and a couple of Chinese boats trickle thru Hormuz each day. IOW, same shit tomorrow as yesterday. Not that you need a Ph.D. in Foreign Affairs to work this stuff out. The journalists must get a good laugh every time he posts up his bullshit on Truth Social.

Upshot is we have a minimum of AT LEAST 60 days before any decent quantity of oil, LNG & fertilizer starts moving, which takes us to August. That means for all practical purposes, this year's crop in the Northern Hemisphere will be reduced by somewhere between 20-50%. Remember there's also a Super El Nino and droughts expected.

Now the only question is how long before things get really ugly?

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Trump’s War Is Staggering to an Incoherent Defeat

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