Iran rejected the U.S. plan. Three tracks exist: 1) U.S. (missiles, nukes, proxies, Hormuz), 2) Iran (end hostilities everywhere, reparations, control of Hormuz), 3) other countries (45-day ceasefire). There's no common ground for a permanent ceasefire.

Details the specific, incompatible demands of each side.

It can go 'an awful lot further.' Iran's retaliatory strikes have been 'out of all proportion' to expectations, prolonged, intense, and widespread. Their principle is to match any U.S. action 'likewise on the other side of the Gulf.'

Cites the early days of the war as a benchmark for Iran's escalatory willingness.