Trumps Iran truce marks a defeat for American power

Washingtons failed gamble shows how far the global balance of power has moved What a difference a year makes! Last June, in the wake of the first joint Israeli-US attack on Iran, a joke was making the rounds in the Middle East. It described a bartender welcoming an American, an Israeli, and an Iranian into his bar, offering them beers and saying: "Congratulations, gentlemen; you have all won.