The war on Iran was brought to a provisional close this month when Donald Trump finally signed a Memorandum of Understanding (MoU) at the Palace of Versailles, on the sidelines of the G7. Iranian President Masoud Pezeshkian signed the same document electronically from Tehran. The president has presented the deal as a win – in the narrow sense that he has stopped an active war spilling into global catastrophe and reopened a global oil chokepoint. Nevertheless, the terms of the deal tell a story at odds with the triumphalist narrative, since almost every substantive concession in the fourteen-point framework favours Iran.…