The long-term implications of the U.S.-Iran deal

The article analyzes the complex implications of a potential U.S.-Iran deal, highlighting the geopolitical shifts in West Asia, the limits of American military power, the potential for renewed multilateralism, and the impact on global hydrocarbon supplies. It discusses Iran's evolving deterrence strategy, particularly its control over the Strait of Hormuz, and the broader risks of regional instability and terrorism.