Iran ceasefire

Wednesday

Jacob Heilbrunn

The battle for the neoconservative soul

Robert Kagan has long had a knack for capturing public attention with bold pronouncements about American foreign policy. In 1996, together with William Kristol, he published an essay in Foreign Affairs called “Toward A Neo-Reaganite Foreign Policy” that chided the Clinton administration for insufficient martial vigor and argued that the Pentagon budget should be doubled. As a charter member of the Project for the New American Century and a regular contributor to the Weekly Standard, Kagan became an eloquent champion of the George W. Bush administration’s Iraq war.

Rober Kagan

Wednesday

Roger Kimball

Sorry, but America still holds all the cards

“Negotiations.” Are you heartened or dismayed by that word? Those who remember or who have read up on the seemingly interminable Paris Peace Talks designed to bring an end to the Vietnam War have reason to be dubious. A negotiation, if it is to be successful, requires that both sides be candid and in earnest. The Vietnamese were not candid participants. They stalled. They prevaricated. They acted out. It seems that the Iranians are hoping to reprise that melodrama. They will be profoundly disappointed. On the second weekend in April, Vice President J.D. Vance, Steve Witkoff and Jared Kushner met some 70 Iranian representatives in Islamabad to hammer out a peace deal.

Iran negotiations

Wednesday

Matthew Lynn

We’re stuck at the worst possible oil price

A ceasefire has been agreed with Iran. The Straits of Hormuz will reopen. And the oil market will get back to normal very quickly. By Wednesday morning, it looked as if the energy crisis was over. Finance ministers will be breathing a sigh of relief as the crisis abates. But hold on. In reality, the truce is fragile, and huge amounts of supply have been taken out of the market. So long as that remains true, the price of oil, and with it the global economy, will remain stuck. The average price of $90 to $100 a barrel is not what anyone really thinks a barrel of oil is worth The price of oil has been on a wild ride ever since the United States and Israel started the attack on Iran a month ago.

oil