Trump is trapped. There is no military solution to this war, or even a way to improve his negotiating position through military means.

And time is running out:

– Yields are surging.
– Oil prices are rising.
– Oil inventories are falling.

This leaves Trump with two options:

1. Surrender, sold as a huge win.
2. One last desperate military attempt.

The US violation of the MoU was basically a testament to the fact that option 1 is unacceptable… suggesting it will be option 2.

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