Fri, Apr 10, 2026 page7

• Ceasefire wins Trump gratification, but Iran has stronger hand in talks

  • • 
    • 
    • 

  The announcement of a two-week ceasefire has allowed US President Donald Trump to hail the reopening of the Strait of Hormuz as a victorious dawn of a new golden age, but it is Iran that enters peace talks with the stronger hand.

  The Tehran regime goes to the negotiations, set to start tomorrow in Pakistan, bloodied, but still intact. It still holds a stockpile of highly enriched uranium (the original crux of the conflict with the US, Israel and allies), and it claims at least part-control of the strait, having demonstrated its power to close the narrow waterway and hold the world to ransom.

  Trump won instant gratification. He got to remain the central player in the drama, having terrified the world with his threat that “a whole civilization will die,” before claiming a few hours later to have dramatically reversed course and to be “far along” the road to an enduring Middle East peace.

  

  Illustration: Mountain People

  With the president’s words the oil price went down and global stocks showed signs of rallying, demonstrating he still had the power at least to move short-term markets.

  However, the actual ceasefire terms remain hazy with varying interpretations in circulation. Pakistani Prime Minister Shehbaz Sharif said the ceasefire covered “everywhere including Lebanon,” but his Israeli counterpart, Benjamin Netanyahu, quickly contradicted him, vowing Israel’s campaign over its northern border would go on.

  Trump said the ceasefire was contingent on the “complete, immediate and safe opening of the Strait of Hormuz.” Tehran agreed that shipping would now proceed through the waterway, but with the caveat that passage would be under the control of the Iranian armed forces.

  Reports from the region suggested that Tehran planned to implement its earlier proposal to share control of the strait with Oman, and split the proceeds from tolls, set at US$2 million a ship. That would represent a significant departure from the prewar status quo, in which the strait was a free waterway, cementing Tehran’s role as gatekeeper and providing it with an entirely new source of income.

  The uncertainty over the future of the strait suggests that the hundreds of ships trapped in the Gulf by the conflict would seek to leave, but far fewer would enter through Hormuz given the level of uncertainty for fear of being trapped. Shippers would also be anxious that paying tolls to Iran could violate US sanctions.

  Trump made ever more grotesque threats in the five weeks of war, culminating in his genocidal warning that he would bring about the end of Iranian civilization, in the clear hope of blustering Tehran into last-minute concessions.

  That does not seem to have worked. When it came to the wire it was Iran’s 10-point plan, not Trump’s 15-pointer, which was agreed as the starting point for talks in Pakistan. Trump, having rejected the Iranian plan out of hand the day before, called it “a workable basis on which to negotiate.” Iran’s 10 points include the lifting of all sanctions, the payment of war reparations, and the acceptance of Iran’s right to enrich uranium — all conditions that have up to now been beyond Washington’s red lines.

  The Tehran government included the right to enrich in the Farsi version of the ceasefire terms, but not in the English translation, suggesting it was put there for domestic consumption as the regime boasted victory.

  There seems little doubt that Iran would make that right a red line at talks over a long-term settlement, as it has in all its negotiations with the West, and its possession of 440kg of highly enriched uranium (enough in theory to make a dozen nuclear warheads) would be a powerful bargaining chip.

  In negotiations that were ended by the US-Israeli attack on Iran on Feb. 28, Tehran was apparently ready to surrender that stockpile. That is just one way in which the US has emerged from the war in a weaker position than it was at the last round talks in Geneva, two days before the conflict was unleashed.

  The Tehran delegation would arrive in Islamabad having shown the world and the Iranian people that the regime can survive the worst its enemies could throw at it, despite severe losses including the death of the supreme leader. Iranian forces remained in the fight at the time the ceasefire was declared, defying claims they had been obliterated, with missiles still being fired at Israel and other US allies.

  The negotiations would also begin under the shadow of a new status quo, with Iran as co-custodian and beneficiary of the Strait of Hormuz. The US delegation might bang its fists and threaten to walk away over Iran’s conditions, but it would be in the knowledge that its adversary has the proven capacity to inflict exquisite pain on the Trump administration through its power over the petrol pump.
• Most Popular

  • 1

    China reserves offshore airspace for 40 days without explanation: WSJ

  • 2

    Danish envoys’ privileges revoked over naming controversy

  • 3

    Foreign exchange reserves fall below US$600 billion

  • 4

    Universities neglect to warn students of China danger: MOE

  • 5

    Eight million barrels of oil to set sail for Taiwan this month