by Mish Shedlock, Mish Talk:
Many see this as a sign of no deal. I suggest something else.
Trump Ups Terms for a Deal
These two headlines, almost more than anything else, exposes why there is no negotiated end insight to the Iran, deal, no matter what President Trump claims.
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These two headlines, almost more than anything else, exposes why there is no negotiated end insight to the Iran, deal, no matter what President Trump claims.
According to the New York Times on Saturday, Trump, in a fit of anger, hardened the terms on which American would be… pic.twitter.com/r4BjmTtLNr
— Daniel Davis Deep Dive (@DanielLDavis1) May 31, 2026
Deal in Limbo
Crow or Lobster?
New York Times columnist Thomas Friedman says It’s Crow, Mr. Trump, Not Lobster
Only two questions remain regarding the U.S. war with Iran. One, how big a plate of crow will President Trump have to eat to end this conflict with at least some achievements? And two, will he tell us the crow he’s eating is lobster or filet mignon?
What Trump also never asked was: What if Iran responds to U.S. airstrikes by trying to hit the oil infrastructure of America’s Arab Gulf allies, the U.A.E., Saudi Arabia, Qatar, Kuwait and Bahrain?
That is exactly what Iran did. Among other things, with drone and cruise missile attacks in March, Reuters reported, Iran “knocked out 17 percent of Qatar’s liquefied natural gas (L.N.G.) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia.” It added, “The repairs will sideline 12.8 million tons per year of L.N.G. for three to five years.”
Now you understand why the Arab oil producers absolutely do not want to see Trump restarting the war, and how Tehran is using that as leverage in its negotiations with Washington.
