Tuesday, April 14, 2026

Business Recorder Column April 14, 2026

As written by me:


No war, no peace?

 

Rashed Rahman

 

Not entirely unexpectedly, the first ever face-to-face interaction in Islamabad between the protagonists of the Gulf war, the US and Iran, since the 1979 revolution in the latter, ended without agreement. Does this mean an end of the ceasefire and a return to military conflict? Perhaps not immediately. Both sides hinted at their respective positions after the conclusion of the talks and left open the possibility of their continuance in a second round. If nothing else, the talks laid out the respective positions of both sides on matters of utmost importance and concern to one side or the other, or even to both, although not everything has likely been shared with the public.

Going by what has been shared though, the issues that proved prickly can be reduced to six: 1) control of the Hormuz Straits; 2) the nuclear question; 3) full sanctions lifting (Iran), not partial, phased (US); 4) conflicting claims over Iran’s $ six billion frozen assets; 5) war reparations, and 6) complete end to war, including Israel’s continuing attacks on Lebanon.

Before departing Islamabad, US Vice President J D Vance, the leader of his delegation, said they had conveyed to the Iranians their “final and best offer”, without bothering to go into the details of what that might contain or entail. Iran’s Parliament Speaker Mohammad Bagher Ghalibaf, who led the Iranian delegation, said his country would not give in to threats after Trump’s social media bluster regarding the Hormuz Straits. “If they fight, we will fight, and if they come forward with logic, we will deal with logic,” was how he responded. Given the way the war has unfolded, this is no empty threat as Iran has exceeded most people’s pre-war assessment of its fighting strength. The really pointed part of his remarks was the tone struck by Mr Ghalibaf when he said the opposing side had “failed to earn their trust”. Certainly Tehran has good reasons for this posture since the US-Israel combine has by now attacked it twice while ostensibly in the middle of negotiations.

The Hormuz Straits conundrum turned out to be the key flashpoint. Iran has declared its control over the strategic waterway through which 20 percent of the world’s oil passes by applying a toll on ships passing through with its permission. Trump, after the talks ended, burst forth on social media insisting the Hormuz Straits would be blocked by the US and its Navy would interdict any ships linked to Iranian permission. This Trumpian move threatens the delicate peace since major powers such as China have declared their intent to use the Hormuz Straits for passage of oil-bearing ships for their domestic use. If Trump carries through on his stated intent (not always the case with him), it could produce the horrific scenario of US-China and US-other countries’ clashes in the waterway. No one with even a modicum of sense would want to see things come to such a dangerous pass.

On the nuclear question, the US betrays a stubborn refusal to accept the Iranian position that its late leader Ayatollah Khamenei (assassinated by the US-Israeli aggressor combine) had expressly forbidden his country to acquire nuclear weapons, an argument richly loaded with religious injunction against forging a weapon that threatens so many innocent people. Uranium enrichment for civilian use is the right of Iran as a member of the Non-Proliferation Treaty, watched over by the International Atomic Energy Agency (IAEA), which has in the past betrayed its objective mandate in favour of US designs. Iran has gone further in offering the concession that it would reduce its current 60 percent enrichment to lower levels. The US stubbornness smacks of a deliberate attempt to pillory Iran for a nuclear weapon venture it does not uphold.

The US offered phased, partial lifting of sanctions, no doubt dependent on Iran submitting to other demands. These sanctions have crippled the Iranian economy since 1979 and fed into the unrest that exploded throughout the country last year. The US-Israeli attack, ostensibly to bring about regime change, has done the opposite. Even the most hardened opponent of the clerical regime has joined hands to repel the foreign aggression.

Iran’s frozen assets are its property. Their freezing offers one more example of the risks of secreting any developing country’s assets in the West. War reparations would likely amount to billions, given the sustained destructive power Washington and Tel Aviv have unleashed on Iran. Objective calculation of these sums could possibly be carried out by the UN. A complete end to the war, including Israel’s continuing aggression against Lebanon, is a no-brainer. Iran has been pummelled for totally dubious reasons that have more to do with the US’s global hegemony drive than anything else.

For that reason alone, the current no war, no peace interlude may quickly turn to war again.

 

rashed.rahman1@gmail.com

rashed-rahman.blogspot.com 

As printed by the paper:

No war, no peace?

 

Rashed Rahman

 

Not entirely unexpectedly, the first ever face-to-face interaction in Islamabad between the protagonists of the Gulf war, the US and Iran, since the 1979 revolution in the latter, ended without agreement. Does this mean an end of the ceasefire and a return to military conflict? Perhaps not immediately. Both sides hinted at their respective positions after the conclusion of the talks and left open the possibility of their continuance in a second round. If nothing else, the talks laid out the respective positions of both sides on matters of utmost importance and concern to one side or the other, or even to both, although not everything has likely been shared with the public.

Going by what has been shared though, the issues that proved prickly can be reduced to six: 1) control of the Hormuz Straits; 2) the nuclear question; 3) full sanctions lifting (Iran), not partial, phased (US); 4) conflicting claims over Iran’s $ six billion frozen assets; 5) war reparations, and 6) complete end to war, including Israel’s continuing attacks on Lebanon.

Before departing Islamabad, US Vice President J D Vance, the leader of his delegation, said they had conveyed to the Iranians their “final and best offer”, without bothering to go into the details of what that might contain or entail. Iran’s Parliament Speaker Mohammad Bagher Ghalibaf, who led the Iranian delegation, said his country would not give in to threats after Trump’s social media bluster regarding the Hormuz Straits. “If they fight, we will fight, and if they come forward with logic, we will deal with logic,” was how he responded. Given the way the war has unfolded, this is no empty threat as Iran has exceeded most people’s pre-war assessment of its fighting strength. The really pointed part of his remarks was the tone struck by Mr Ghalibaf when he said the opposing side had “failed to earn their trust”. Certainly Tehran has good reasons for this posture since the US-Israel combine has by now attacked it twice while ostensibly in the middle of negotiations.

The Hormuz Straits conundrum turned out to be the key flashpoint. Iran has declared its control over the strategic waterway through which 20 percent of the world’s oil passes by applying a toll on ships passing through with its permission. Trump, after the talks ended, burst forth on social media insisting the Strait of Hormuz would be blocked by the US and its Navy would interdict any ships linked to Iranian permission. This Trumpian move threatens the delicate peace since major powers such as China have declared their intent to use the strait for passage of oil-bearing ships for their domestic use. If Trump carries through on his stated intent (not always the case with him), it could produce the horrific scenario of US-China and US-other countries’ clashes in the waterway. No one with even a modicum of sense would want to see things come to such a dangerous pass.

On the nuclear question, the US betrays a stubborn refusal to accept the Iranian position that its late leader Ayatollah Khamenei (assassinated by a US-Israeli combine) had expressly forbidden his country to acquire nuclear weapons, an argument richly loaded with religious injunction against forging a weapon that threatens so many innocent people. Uranium enrichment for civilian use is the right of Iran as a member of the Non-Proliferation Treaty, watched over by the International Atomic Energy Agency (IAEA), which has in the past betrayed its objective mandate in favour of US designs. Iran has gone further in offering the concession that it would reduce its current 60 percent enrichment to lower levels. The US stubbornness smacks of a deliberate attempt to pillory Iran for a nuclear weapon venture it does not uphold.

The US offered phased, partial lifting of sanctions, no doubt dependent on Iran submitting to other demands. These sanctions have crippled the Iranian economy since 1979 and fed into the unrest that exploded throughout the country last year. The US-Israeli attack, ostensibly to bring about regime change, has done the opposite. Even the most hardened opponent of the clerical regime has joined hands to repel the foreign aggression.

Iran’s frozen assets are its property. Their freezing offers one more example of the risks of secreting any developing country’s assets in the West. War reparations would likely amount to billions, given the sustained destructive power Washington and Tel Aviv have unleashed on Iran. Objective calculation of these sums could possibly be carried out by the UN. A complete end to the war, including Israel’s continuing aggression against Lebanon, is a no-brainer. Iran has been pummeled for totally dubious reasons that have more to do with the US’s global hegemony drive than anything else.

For that reason alone, the current no war, no peace interlude may quickly turn to war again.

 

rashed.rahman1@gmail.com

rashed-rahman.blogspot.com

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