The kayfabe cease fire
By 
This “peace deal” appears to be nothing of the sort, but rather more of a publicity stunt so that Donald Trump could get a very special birthday present that he received because he’s ended eleven wars and deserves the precious Nobel, yes we must have it, gollum.
Specifically, it:
(1) Resolves none of the difficult issues related to Iran’s nuclear development program or its support for Hezbollah.
(2) Does not include any agreement on the part of either Israel or Hezbollah regarding the ongoing fighting in Lebanon.
(3) Keeps a now-strengthened Iranian regime in place indefinitely, the survival of which illustrates the fundamental impotence of all of Donald Trump’s and Pete Hegseth’s big beautiful bombs.
I’m extremely skeptical about whether this cease fire will hold for any sustained period, let alone lead to a comprehensive actual peace deal, but it buys Donald Trump some characteristically credulous headlines and a good stock market opening, which is to say that the American political system fails the marshmallow test. Again.