The Prague Post - Will Trump 'TACO' on Iran?

EUR -
AED 4.236833
AFN 76.142197
ALL 93.45107
AMD 420.704816
AOA 1059.063247
ARS 1713.99192
AUD 1.649976
AWG 2.076594
AZN 1.965807
BAM 1.955822
BBD 2.316627
BDT 142.031626
BHD 0.433705
BIF 3413.239071
BMD 1.153663
BND 1.476217
BOB 13.658156
BRL 5.861191
BSD 1.150213
BTN 109.651255
BWP 15.68318
BYN 3.345938
BYR 22611.798836
BZD 2.313326
CAD 1.617379
CDF 2624.584211
CHF 0.93183
CLF 0.027184
CLP 1073.37276
CNY 7.788731
CNH 7.790705
COP 3653.005322
CRC 522.40598
CUC 1.153663
CUP 30.572075
CVE 110.266262
CZK 24.240891
DJF 204.822345
DKK 7.480664
DOP 66.730764
DZD 153.303755
EGP 59.017676
ERN 17.304948
ETB 183.804404
FJD 2.554153
FKP 0.856626
GBP 0.855675
GEL 3.016876
GGP 0.856626
GHS 13.446154
GIP 0.856626
GMD 84.798688
GNF 10097.115581
GTQ 8.7761
GYD 240.602754
HKD 9.047262
HNL 30.819353
HRK 7.538386
HTG 150.391722
HUF 365.192535
IDR 20799.39394
ILS 3.533613
IMP 0.856626
INR 110.048515
IQD 1506.817248
IRR 1586431.11648
ISK 142.062532
JEP 0.856626
JMD 182.092084
JOD 0.817993
JPY 181.627012
KES 148.781703
KGS 100.888291
KHR 4660.799756
KMF 492.614593
KRW 1664.690302
KWD 0.356644
KYD 0.958511
KZT 545.026239
LAK 26048.298174
LBP 103004.479089
LKR 386.12442
LRD 207.612377
LSL 19.024918
LTL 3.406468
LVL 0.69784
LYD 7.359084
MAD 10.744823
MDL 20.10023
MGA 4919.056308
MKD 61.525704
MMK 2422.354323
MNT 4147.524662
MOP 9.292006
MRU 46.226529
MUR 54.222569
MVR 17.836069
MWK 1994.42283
MXN 20.013177
MYR 4.712949
MZN 73.731051
NAD 19.024918
NGN 1574.012366
NIO 42.330485
NOK 10.926464
NPR 175.442008
NZD 1.961512
OMR 0.443645
PAB 1.150213
PEN 3.898045
PGK 5.150059
PHP 70.667684
PKR 319.439457
PLN 4.312336
PYG 6858.078504
QAR 4.204648
RON 5.247557
RSD 117.498334
RUB 91.443047
RWF 1688.519328
SAR 4.320672
SBD 9.322873
SCR 15.583178
SDG 692.198315
SEK 10.985993
SGD 1.479693
SLE 28.499711
SOS 657.307524
SRD 43.587131
STD 23878.499126
STN 24.50028
SVC 10.064115
SZL 19.022218
THB 38.676603
TJS 10.616322
TMT 4.049358
TND 3.381339
TRY 54.813428
TTD 7.810089
TWD 37.273824
TZS 3047.993231
UAH 51.336988
UGX 4319.04944
USD 1.153663
UYU 46.28053
UZS 13768.157604
VES 860.282504
VND 30341.919148
VUV 137.643052
WST 3.154711
XAF 655.964509
XAG 0.020031
XAU 0.000285
XCD 3.117833
XCG 2.072924
XDR 0.815809
XOF 655.964509
XPF 119.331742
YER 274.922082
ZAR 19.102044
ZMK 10384.357384
ZMW 21.606247
ZWL 371.479082
  • CMSC

    0.0300

    21.84

    +0.14%

  • BCE

    -0.0200

    21.68

    -0.09%

  • BCC

    1.0000

    76.38

    +1.31%

  • RIO

    -0.3300

    96.85

    -0.34%

  • RELX

    -1.1900

    35.42

    -3.36%

  • JRI

    0.0900

    12.96

    +0.69%

  • NGG

    -0.4200

    79.97

    -0.53%

  • RBGPF

    0.0000

    69.21

    0%

  • RYCEF

    -0.3100

    19.55

    -1.59%

  • CMSD

    0.0900

    22.11

    +0.41%

  • VOD

    -0.3600

    15.78

    -2.28%

  • BTI

    -1.0400

    60.65

    -1.71%

  • AZN

    -1.7000

    169.64

    -1%

  • GSK

    -0.3800

    51.69

    -0.74%

  • BP

    1.0000

    45.22

    +2.21%

Will Trump 'TACO' on Iran?
Will Trump 'TACO' on Iran? / Photo: SAUL LOEB - AFP

Will Trump 'TACO' on Iran?

US President Donald Trump has built a potential off-ramp by suggesting the Iran war could end soon, but the world is still guessing about whether he will take it -- and whether Tehran will let him.

Text size:

With surging oil prices threatening the global economy and his political fortunes at home, Trump's tone appeared to shift abruptly on Monday as he called the war "very complete" and a "short-term excursion."

But the 79-year-old commander-in-chief continued to send mixed messages about when the war could end -- and what its goals are -- leaving it far from clear what he will ultimately settle for.

For Trump, that calculation will almost certainly involve November's US midterm elections, with gas prices likely to fuel voter anger at his Republican Party over the cost of living.

Polls so far show historically low support among Americans for the war.

"I think he's going to keep going until his advisers tell him that the economic pain is going to risk the midterms," Colin Clarke, executive director of the Soufan Center in New York, told AFP.

"He's going to make a political decision about a military operation."

For some observers, Trump's comments on a short Iran war timeline was evidence of what traders have dubbed the TACO phenomenon -- "Trump Always Chickens Out."

"What they did communicate clearly, to the delight of markets, was that Trump is looking for an exit," wrote Robert Armstrong, the Financial Times journalist who first coined the term TACO.

In the opening days of the US-Israeli strikes, Trump suggested the war could last four or five weeks, but markets surged at his hints on Monday that it could be shorter.

Defense Secretary Pete Hegseth said Tuesday that Trump, and Trump alone, would determine the timeline. "It's not for me to posit whether it's the beginning, the middle or the end. That's his," said the former Fox News host.

Clarke said he believed Trump would "go hard for the next two weeks tops, then things are so messy he's going to declare victory."

- 'Wounded animal' -

Victory will then be in the eye of the beholder.

Both Trump and his administration have publicly given a panoply of shifting goals for the war, ranging from seeking regime change in all but name, to securing the flow of Gulf oil.

But on paper it has listed some core military objectives -- ensuring Iran has no nuclear weapon, eliminating its ballistic missiles and its navy, and curbing its regional proxies -- that could be easier for Trump to sign off on.

But Iran will likely see any such declaration as Trump blinking first.

Despite the significant damage from the US-Israeli air campaign, Tehran has stepped up its defiant tone since Trump's remarks, vowing to block Gulf oil supplies and mocking the US leader's claims to be in control of the timeline of the conflict.

"It is we who will determine the end of the war," Iran's Revolutionary Guards Corps (IRGC) said in a statement, while the Islamic republic's security chief Ali Larijani warned Trump himself to be careful "not to be eliminated."

Israel meanwhile has its own timeline, which Trump also has only limited control over. Differences have already emerged over both the long-term goals and Israel's strikes on Iranian energy infrastructure.

And while Trump insists he must have a role in choosing Iran's new leader, there is no sign yet of large-scale internal resistance to supreme leader Ayatollah Mojtaba Khamenei, chosen at the weekend to replace his slain father.

If Mojtaba Khamenei and the regime survive, Operation Epic Fury would be "remembered as the Mother of All Lawnmowers" for having only skimmed the surface of things, Walter Russell Mead wrote in The Wall Street Journal.

Trump could then leave an even more dangerous situation, the Soufan Center's Clarke said, with a "rump IRGC" going all out for a nuclear bomb, and the risk of various ethic groups launching a huge insurgency in the heart of the Middle East.

"If it's Khamenei's son or another hardliner, what's different?" said Clarke. "It's now like a wounded animal, which is arguably more dangerous."

C.Sramek--TPP