Trump's Iran Miscalculation

Madman theory doesn't work against other madmen.
The cease-fire in the Iran war is an ambiguous outcome.

The Iranian regime has taken a pounding and will not, for a long time, be in a position to project power globally at close to its capacity back in February. Or better, at close to its capacity early last year — because we should see the latest fighting as a continuation of last June's Twelve-Day War, in which the U.S. and Israel took out Iran's nuclear program and air defenses.