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The humiliation of the POTUS is at hand. Iran will not resume talks on nuclear issues until:
- Ending the war on all fronts, including Lebanon
- Lifting all sanctions
- Releasing frozen Iranian assets
- Compensation for war damages and losses
- Recognition of Iran’s sovereign rights over the Strait of Hormuz
These conditions are an open invitation for Israel to control the talks, unless the US breaks its alliance, and it can’t; the lobby is too powerful.
This is what Iran means when it talks about a new security architecture for the Gulf, the abandonment of Israel by the US.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.