On Friday morning the New York Times reported that America had launched waves of attacks on Iranian targets, one of the most intense rounds of strikes since the war had begun more than four months earlier.A day or two before, President Donald Trump had declared that the ceasefire with Iran was “over.” Strikes and counter-strikes further escalated on Saturday and Sunday, while the Iranians announced that the Strait of Hormuz was closed once again. So it appears that our Iran War has now fully resumed.Last month Trump signed the “Memorandum of Understanding” with Iran, apparently setting the stage for 60 days of negotiations aimed at putting an end to the war that he had launched together with Israel at the end of February.After they were suddenly attacked, the Iranians had immediately closed the Strait of Hormuz to cargo traffic just as they had always threatened to do. This blocked the strategic waterway that normally carried some 20% of global oil supplies, and even larger fractions of the world’s natural gas, fertilizer, and other vital commodities.Despite the trillions of dollars that America had spent on its navy over the years, Trump soon discovered that he was powerless to dislodge the Iranians from the control that they exercised over the Strait with their missiles and drones. As a result, he became frantic about the looming global economic catastrophe, leading him to urgently if rather erratically try to work out a deal with the Iranians.Over the next couple of months, Trump regularly declared that he was on the very verge of signing a peace agreement with the Iranians that would reopen the Strait. Anderson Cooper of CNN totaled up 39 such separate claims, so I’d grown quite skeptical of his statements based upon the sound principle of 39 times bitten, 40th time shy. But then in mid-June I was surprised that he finally told the truth and signed such a preliminary memorandum.CNN montage of all the times Trump announced deals with Iran.Anderson Cooper: Today marks 39 times that he has said something like that. pic.twitter.com/10JYq299sN— Blue Georgia (@BlueGeorgia) June 12, 2026Getting the Iranians to agree had required enormous concessions on Trump’s part. When the terms of that preliminary agreement were revealed they seemed so astonishingly one-sided and favorable to Iran that the document was widely described as tantamount to an American surrender. That was the overwhelming verdict of observers, whether supporters of the war or its opponents, whether Americans or Israelis, all of whom generally described the document in such humiliating terms. Outraged Neocon hawks ferociously denounced Trump, even doing so on his own beloved FoxNews network.Has President Donald Trump Finally Capitulated to the Iranians?Ron Unz • The Unz Review • June 22, 2026 • 6,400 WordsPerhaps partly because of the huge political backlash Trump faced from so many of his pro-Israel donors and other supporters, the agreement began breaking down almost immediately. As I described in my article the following week:Admittedly, the accord that we signed with Iran was merely a preliminary one, and neither Trump nor America has been much known for faithfully fulfilling their solemn agreements. Indeed, over the last week Trump has unsurprisingly resorted to numerous “confabulations,” declaring the pact included all sorts of things that it did not and that the Iranians had made all sorts of other commitments they strongly denied, with Vice President JD Vance sometimes offering some similar misrepresentations. In a FoxNews interview, Trump even threatened the lives of the Iranian negotiators, hardly normal diplomatic protocol. The Israeli government refused to comply with any of the Lebanese provisions of the document.By the weekend, there were already strong signs that the agreement might be collapsing.As I wrote last week, this trend continued:Over the last couple of weeks, the Iran War has largely gone into abeyance. So many of the peace terms of the signed “Memorandum of Understanding” have been ignored or violated that the agreement seems to have largely collapsed but without combat operations so far resuming.But that last step has now occurred and the war has fully resumed.The signed agreement had made the Iranians responsible for the passage of commercial vessels through the Gulf, so after they established the Persian Gulf Strait Authority to manage the traffic, they were arguably within their rights to use military force to police the boundaries of the passageway they had selected and fire on those vessels that refused to comply with their directives.However, America disputed this, hitting Iranian targets in retaliation, while the Iranians then responded with missile strikes against our bases in Bahrain, Kuwait, Jordan, and elsewhere. The confrontation further escalated as America reimposed its financial sanctions against the sale of Iranian oil. Then on Saturday Iran declared that the Strait was once again closed to traffic. So matters have now mostly returned to where they were a month ago.Lt. Col. Daniel Davis is a retired U.S. Army officer and an award-winning critic and whistleblower of our war in Afghanistan. He is currently a Senior Fellow at the Defense Priorities Foundation, which advocates for restraint in foreign policy and is loosely associated with the Ron Paul movement.In early 2025 Director of National Intelligence Tulsi Gabbard had selected him as her deputy, responsible for overseeing the compilation of the President’s Daily Brief, summarizing all our intelligence assessments. But she was forced to abandon the nomination under pressure from the Israel Lobby which was unhappy over his views regarding Israel’s behavior in Gaza.His Deep Dive podcast has accumulated nearly 450,000 subscribers, becoming one of the four or five YouTube channels that I regard as the most useful sources of information. On Saturday he discussed the breaking news that the Iranians had once again closed the Strait of Hormuz to traffic and the circumstances of that development.Video LinkThe original American attack on Iran had been justified on a variety of different shifting grounds but was largely the result of pressure from Israel and its partisans. For decades, Israeli Prime Minister Benjamin Netanyahu and the powerful Israel Lobby had pressed American presidents to attack and destroy Israel’s most formidable regional rival, and they finally hit paydirt when Trump agreed to do that.But the failure of the American war had actually left Iran in a far stronger position than before, now in full control of the Strait, allowing it to exercise a permanent chokehold on one of the world’s most vital transit routes.The Economist was intensely hostile to Iran, but it acknowledged that reality, with its cover story showing an Iranian fist strangling the Persian Gulf windpipe of the global economy. Billboards in Tehran displayed that same striking imagery.The renewed wave of American attacks is primarily being fought on that crucial issue. Iran is absolutely committed to maintaining its newly established control while Trump is just as committed to breaking that Iranian grip and returning the waterway to the status it had always enjoyed prior to the war he had begun.So in effect, Trump has decided to undertake a new round of combat operations in hopes of undoing the geopolitical consequences of the severe defeat he had suffered in the previous one. But as Prof. John Mearsheimer pointed out with some amusement in an interview a couple of days ago, there is really no reason to expect that the military results of this second round will be any different from the first.Video LinkIndeed, during the previous round of fighting we had exhausted substantial fractions of all our advanced munitions, so we were starting this new one from a greatly weakened position:We had spent years or even decades accumulating our enormously expensive arsenal of “boutique” weapons, only to have now expended a large fraction of those munitions during just a few weeks of combat against Iran, combat that failed to achieve any of our stated military objectives. A recent CSIS report fully confirmed this situation, indicating that in many categories we had exhausted at least one-third to one-half of our entire global stockpiles, which would take years to be replenished.In an interview a few days ago, MAGA military analyst Brandon Weichert discussed the difficult circumstances of this renewed conflict.Video LinkInfluential MAGA attorney Robert Barnes was also interviewed around the same time. Barnes had spent decades working very closely with Trump and other key conservative figures, so he retained numerous, excellent sources on the inside of the Trump Administration. He was remarkably candid in his statements, arguing that Trump’s severe cognitive decline had left him with the self-control and reactions of a five-year-old, thus explaining much of the policy incoherence of the last few months.Video LinkRead the Whole ArticleThe post The Resumption of the Iran War and Oil Supplies appeared first on LewRockwell.