Donald Trump has constructed a trap for himself and the rest of the world from which there is no escape. Despite signing a ceasefire with Iran a month ago in Versailles, the “memorandum of understanding” has now collapsed.
Mr Trump may have, for now, reversed his threat to impose a 20 per cent toll upon all maritime traffic through the Strait of Hormuz, as the US prepares to resume its blockade of Iran’s ports. But peace is off the table.