Will the Fighting Ever End?
How long might the U.S.-Iran war go on for?
Last night Pres. Trump suggested we will see a sharp drop in oil and gas prices following the mid-term elections, and while many (including me) raised our eyebrows at that, other reports this morning, including this one form Bloomberg, suggest the conflict will be a protracted one:
Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity.
Tehran’s leaders are resolved to keep fighting despite mounting economic costs as they see the conflict as an existential threat, Bloomberg reported, citing a senior Iranian official. The country has been able to rebuild its missile capabilities and will escalate strikes on US and Gulf assets if Washington intensifies its own attacks, the official said.
Top White House advisers including Vice President JD Vance and Secretary of State Marco Rubio have told President Donald Trump that the war could drag on through the remainder of his term, which runs until January 2029, the Wall Street Journal reported, citing US officials.
Position: None
