The memorandum of understanding that the United States signed with Iran is, on first reading, a capitulation masquerading as an agreement. It opens the prospect of an Iran flush with money from the release of its assets, oil revenues, and even development investments to the tune of hundreds of billions of dollars. The deal might even allow Iran to monetize its geographic position at the Strait of Hormuz by levying fees or tolls. That it betrays Israel, an ally who fought alongside the United