The peace talks with Iran failed, and now President Trump has ordered the U.S. military to blockade the Strait of Hormuz.

Oil prices have shut up.

America's allies don't seem like they're on board with this.

Yet Trump says we're winning.

So what in the world did we win?

Was this whole thing pointless?

Welcome to the Reason Roundtable.

This is your weekly libertarian review of news and culture from the editors of Reason magazine.

And sometimes friends.

I'm your host, Peter Souterman, and today I am joined by my colleagues.

Catherine Mangy Ward, Matt Welch, and Nick Gillespie, Matt, I want to start with you.

Trump says that no matter

what happens, America won, right? Whether there's a deal, whether there's not, like, this is a big

victory for America. So if so, like, do you agree with that? And if so, what did we win?

I don't think that it's a big victory for America. There are things that you can say that

America has won or improved upon when

looked at in certain lengths.

You can say that we degraded Iran's navy by 90% or so.

We severely degraded their ability to make and shoot missiles, although we didn't eliminate

that, set back their nuclear program, presumably.

I don't know exactly how much.

I don't think anyone else really does either and made it more difficult for them to do mischief

...