At 8:30 this morning, with just hours left before the ceasefire between the United States and Iran was set to expire, the President of the United States was on the phone with Joe Kernen on CNBC’s Squawk Box, making it clear that he had absolutely no intention of backing down on the looming deadline. He told Kernen, “I expect to be bombing,” if a deal isn’t reached, adding that he didn’t want to extend the ceasefire because “we don’t have that much time.” And with just a few sentences, he sent the world back into waiting mode, watching to see how Donald Trump would escalate an already tense situation. And then, as the deadline approached and no agreement materialized, he...