Im not even sure the brits wont outright attack France - see OTL. I just mean that attacking this France would be much more risky than attacking Vichy France - and in either case a huge gain to Germany. And I have my doubts of London's ability to sucessfully blocade France and most of the European continent including some other neutral countries.
Isn't that exactly what they did in WWII? Had the Swedes, say, ordered a few million tons of South American crude oil, rest assured the Royal Navy would have had something to say about that. And after the first years of war, the tankers would not have even left South America; remember the Navicert system.
And France is not Norway or the Netherland. Poking France is a tad more dangerous than what the brits get away with in WWI.
Sure. Note that this "good" peace includes the loss of Alsace-Lorraine, German occupation of what is "strictly necessary" for the war against Britain (doh, in OTL that's what they claimed to have occupied in Northern France), and German military forces in French seaports and air bases. IOW, 90% of the French will hate this in their guts. If you're ready to look at the political/diplomatic situation for Germany, look at it from the POV of the internal French situation too.