SynopsisA deal to end the Persian Gulf war is nearing. Iran has strengthened its position and will set terms. The agreement will lift blockades and reopen the Strait of Hormuz. Sanctions on Iran are expected to be lifted, allowing oil sales. This conflict highlights the limits of US power and benefits China.After some 4 mths of war - and weeks of on-again, off-again negotiations - an MoU that will end the war in the Persian Gulf is expected to be signed on Friday. It is far from a simple deal. Never mind the regime change that Donald Trump had cited as one of the main aims of joining Israel to attack Iran, the latter has succeeded in consolidating its position, despite its unpopularity at home and personnel loss in the conflict.Contrary to the Trump regime's assessments, the Islamic republic has not just survived but is strong enough to put conditions to the reported deal. The first phase ends the blockades with immediate effect, and reopens the Strait of Hormuz - that Iran maintains will not return to pre-war 'toll-free' status. The deal basically extends the ceasefire for 60 days, to reach agreements on more contentious issues including the future of Iran's nuclear programme. Meanwhile, sanctions on Tehran are expected to be lifted so that it can sell its oil, and there is talk of unfreezing Tehran's assets. If Trump had ventured into this war to showcase US dominance, it seems to have succeeded in doing just the opposite. It has showcased the limits of US state power and unilateralism. So far, Venezuela is the only successful international venture that Trump can boast of, putting the US on the pathway to becoming a 'regional' power. In this Washington-created mess, the unintended consequence is MCGA: Making China Great Again.That a state like Iran has withstood, and delivered a knock to, the US is a clear marker of the loosening of a great power punching above its weight due to its economic and technological powers. Allies and partners, who have had a rough ride with the Trump regime, can draw some lessons and regroup. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now