The Ezra Klein Show
Why Iran Believes It Has the Upper Hand
Apr 03, 2026
· 1h 1m
<p>In a prime time address on Wednesday, President Trump proclaimed that America was “on the cusp of ending Iran’s sinister threat.” But he also kept open the option of boots on the ground. The effective closure of the Strait of Hormuz is also about to start really biting – as countries get hit with shortages, which would spike prices across the globe.</p> <p>So what are Trump’s options? What would happen if he just declared victory and walked away from the …
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