TOPSHOT - This handout photo taken on March 11, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack. A Thai bulk carrier tr... TOPSHOT - This handout photo taken on March 11, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack. A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked March 11, with 20 crew members rescued so far, the Thai navy said. (Photo by Handout / ROYAL THAI NAVY / AFP via Getty Images) / -----EDITORS NOTE --- RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / ROYAL THAI NAVY " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS - MORE LESS

We again have a possible ceasefire agreement between the U.S. and Iran presented by President Trump as a deal to end the war he started back in February. It is a great victory, he claims. What we really have is a replay of a core feature of the spring and summer of 2026, as commentators and countries try to strip away the packaging and relentless razzmatazz from the White House and see what is really included in this deal. How much skepticism will the White House face since observers have been through maybe 1o or 20 cycles of this over the last four months?

And what’s in the deal this time?

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