Why didn't Obi Wan try and convince Anakin to come back to the light side on Mustafar?

The dialogue was just... confusing.

Obi-Wan:
I have failed you, Anakin. I have failed you.

Anakin Skywalker:
I should have known the Jedi were plotting to take over.

Obi-Wan:
Anakin, Chancellor Palpatine is evil!

Anakin Skywalker:
From my point of view, the Jedi are evil.

Obi-Wan:
Well, then you are lost!

Is this really the best Obi Wan had? Is that his argument? "turn back because Palpatine is obviously evil!" Is that all he had? Or did he just give up because he could see in Anakin's heart that he could not reason with him? Or does this scene just suffer from crappy writing?

Why didn't Obi Wan try and convince Anakin to come back to the light side on Mustafar?
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