So now I guess Iran retrenches and allows economic pressure to build; and at some point, the United States probably escalates again militarily, in an attempt (likely unsuccessful) to break the Iranians and head off the coming energy crunch: www.nytimes.com/2026/07/25/u...

Trump Holds Off on Major War Escalation Against Iran as Advisers Raise ConcernsAmong the worries is that expanded hostilities could dangerously drain the diminished stockpile of air defense munitions in the Middle East.www.nytimes.com