The Obama Iran deal required 100s of workers and experts working meticulously to get done. Trump sent a couple real estate guys and then gave up and started a war which he lost.
Some economists act like different factors of the economy are interchangeable when really they are complements.
The blocking of the Strait limited the supply of multiple inputs, and it will take time to get logistics and production back to normal. The downstream economic impacts of the blockade are not over.
Trump argues that the frozen assets are Iran’s money, so they should be given back at some time anyways. Although, he completely rejected when Obama gave back money that the US rightfully owed Iran in a deal that delayed Iran’s nuclear program without war.
The current Iran deal is an extension of the ceasefire, not a peace deal. The original ceasefire was supposed to have Hormuz open. We don’t know the outcome of the war because the war is not yet over. We don’t know how the negotiations during this extended ceasefire will go. Neither Trump nor Iran want to give in on key issues.
Iranian hardline protesters are chanting that their leaders are weak and pathetic if they agree to Trump’s deal, even though Trump’s deal sucks for the United States and achieved nothing that couldn’t be achieved diplomatically.
The chanters are asking what about the blood of their former leader who Israel and the United States assassinated. They are demanding no deals but victory against the countries who assassinated their leader.
Limited patriot missiles may not hurt the US too much in a war with China because China will likely overwhelm patriot batteries, and destroy those batteries in one day. Without batteries to fire the missiles, the missiles are useless.
One reason the US does not build that many missiles in a year is because the fuel in missiles degrades and makes the missiles too dangerous to fire, meaning, if we build a whole lot during peacetime, most of the missiles will go in the trash along with the piles of money it cost to purchase them.