So it seems that Trumpy Trump blinked.
Or did he?

He hasn't done anything that he wasn't already planning to do.
If the Islamic Guard do anything on the meantime then it confirms that their out of line and off it goes again. If they actually negotiate then they've failed.
It's a bit of a clever play because it appeases the rest of the world whilst giving the IRGC the chance to back down, which obviously they won't as it would be to admit weakness and be humiliating.
Not quite check mate, but they're definitely in a corner.
Launcing missiles at Diego Garcia was a significant tactical error on their part.
I've said it before but if it were Obama doing this it would be a the epitome of tactical mastery, but because it's Donald,... 
He gave Iran an ultimatum at the weekend that if they didn't open the Straight of Hormuz, he would bomb their power stations.
Iran responded that if he bombed their power stations, they would bomb their neighbours power stations in response.
This morning Trumpy Trump 'postponed' bombing Irans power stations saying there had been 'productive conversations'.
Iran say there have been no conversations and as far as I can tell the Straight of Hormuz is still closed.
Meanwhile, Brent Crude has dumped from around $110 a barrel to $94.50 and all the NYSE indices are all up by over 2.5%. There's people out there making a killing and there are plenty of accusations of market manipulation and insider trading flying around!

If I had a suspicious mind I might think that a certain prominant US family's net worth has gone up substantially today.
