Iran’s latest “peace” offer — which President Donald Trump would be nuts to consider — continues the Islamic Republic’s history of playing from a posture of strength when the regime is actually in a state of near-collapse.

Now the mullahs say they will agree to open the Strait of Hormuz in exchange for an end to the hostilities.

Yet the nuclear question will remain off the table for now … future talks TBD.

What chutzpah! The whole war was started to prevent Iran from achieving nuclear weapons, so why would the United States — which paused its hell-storm to give the Iranians a chance to get their minds right — give up a key demand, as though we were the ones on our heels?

Iran’s foreign-policy strategy seems to be “fake it ’til you make it.” Its leaders — whoever they are at the moment — think that if they pretend to be a major world power, and demand to be treated as such, eventually Washington will partake in the fantasy.

But Iran has no leverage in this game of chicken. While they threaten to harass commercial shipping through the Persian Gulf, the US has blocked all Iranian shipping.

Not only does that prevent Iran from selling its oil, it means that the Iranians have to store millions of barrels of oil that are being pumped every day.

But their storage capacity is quickly running out.

Pumping oil isn’t a matter of turning a spigot on and off. Shutting down productive wells means risking their usability forever, because the oil flow will effectively destroy the wellhead.

Secretary of State Marco Rubio has been clear about the preposterousness of the Iranian proposal, calling it an effort to “buy themselves more time.”

Trump certainly understands that Iran is dealing from a position of weakness,

At the same time, he’s clearly eager to wrap up the conflict.

Stand tough, Mr. President. Don’t succumb to Iranian tricks.

The war’s end is near. But any peace that permits Iran to retain its nuclear weapons program is no peace at all.

If you really want to make them take the United States more seriously, open the Strait by force.