What it would take to end the Iran war
The US and Iran have reached major points of agreement, but a durable peace requires solid guarantees and a credible guarantor. The conflict has created a mutually hurting stalemate, but the absence of a viable bargaining architecture and the erosion of trust between both sides pose significant barriers to a lasting agreement.
The US and Iran have reached major points of agreement. However, a durable peace requires solid guarantees and a credible guarantor. The conflict has created a mutually hurting stalemate, with both sides suffering significant costs. Iran's ballistic missile inventories have been depleted, and its naval capabilities degraded. The US has faced an energy shock due to the closure of the Strait of Hormuz. The absence of a viable bargaining architecture and the erosion of trust between both sides pose significant barriers to a lasting agreement. Iran demands a permanent end to hostilities accompanied by enforceable guarantees against future aggression.
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