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Jun 25, 2026

INGERSOLL: So What Did We Get For All The Trouble?

Opinion

INGERSOLL: So What Did We Get For All The Trouble?

OPINION TOPSHOT-IRAN-US-ISRAEL-WAR

A woman walks past a billboard displaying Iran's national flag at Enghelab Square in Tehran on June 14, 2026. US President Donald Trump said that a deal with Iran to end the Middle East war could be signed on June 14, and that the strategic Strait of Hormuz would be "open to all" immediately after. But Iran's Fars news agency, citing "a well-informed source close to the Iranian negotiating team", reported that Tehran had "not yet taken or announced its final decision" on a deal. (Photo by AFP via Getty Images)

Geoffrey Ingersoll Editor at Large June 18, 2026 9:45 AM ET June 18, 2026 9:45 AM ET Geoffrey Ingersoll Editor at Large Font Size:

Below is State of the Day, a morning newsletter by Daily Caller Editor-at-Large Geoff Ingersoll. Sign up here.

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Greetings, Dear Reader,

Well the “memorandum of understanding” (MOU) has been (digitally) signed.

In 60 days, a more formal ceasefire/peace deal is supposed to emerge with Iran.

Until then, I’m still tentatively a wait-and-see guy.

AN IRANIAN RECEIPT

The vicious “America First” nationalists among us might want to take a beat and thank globalism, but they won’t.

There’s no doubt in my mind that at the center of the 14-point MOU sits the interconnectedness of the international economy, particularly around oil being a global commodity. In fairness, there has been some balkanization of the markets. There’s reason to believe three distinct oil-producing regions have emerged, or at least, been further defined in the wake of Trump’s Shock and Awe 2.0.

That might ultimately be to the US’s advantage, as the biggest of those emerging markets.

But I digress.

You can read the MOU for yourself and probably come away with the same sense that I have. Iran promises to behave. Iran swears to Allah (and Trump) it will behave. In return, Trump and the west will reconsider certain sanctions AND start a development fund to help rebuild certain parts of the Iranian block fort they spent three months kicking over.

Reactions range from tepid to outraged. Liberals call the $300 billion dollar fund a pay off on America’s dime, which isn’t technically true, but recall they are the “men can be women actually” crowd. How the international development fund will play out remains to be seen, but it’s certainly not pallets of cash. 

Conservative reactions are muddled. The neocons are pissed, obviously. The natcons are pissed as well. Why’d we even do this?

The primary problem at the center of all this is very simple: What did we get for all the trouble?

Promises from Iran are like receipts from Blockbuster Video. Or Pizza Hut.

Even I, who quite loves vulgar, violent displays of American might, wonder if the promises contained on this piece of paper were actually worth all the trouble in the first place.

JD is doing a bit of a speedrun on major media networks attempting to explain the results of the conflict. Outside of him, historically speaking, I don’t think anyone this side of Trump has been a clearer voice on what America First actually means.

That said, I’ve listened to all his soundbites and so far, I’m still trying to figure out what Iran’s receipt shows we bought.

No nukes? Uranium inspections? Don’t mine the strait?

None of this is new.

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