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Peterson Institute for International Economics Issues Commentary: The US-Iran Ceasefire is Better Than a Wider War. That Doesn't Make It a US Victory
April 09, 2026
WASHINGTON, April 9 -- The Peterson Institute for International Economics issued the following commentary on April 8, 2026, by Cullen S. Hendrix:

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The US-Iran ceasefire is better than a wider war. That doesn't make it a US victory

The US-Iran ceasefire announced late on April 7 is being celebrated in Washington as a victory, and the relief at avoiding wider catastrophe is genuine. But declarations of victory deserve close scrutiny, and the right q . . .

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