The Global Ripple Effect of the War in Iran

A hypothetical war with Iran has extended into its second month, with the White House claiming military achievements while Iran's power remains significant. Although Iran's hard power has been degraded, it can still strike Israel and Gulf allies and threaten shipping through the Strait of Hormuz, impacting the global economy. Diplomatic off-ramps seem unlikely as Washington and Tehran's negotiating positions are far apart. Russia has benefited from the conflict through rising oil prices and is reportedly increasing intelligence sharing and cooperation with Iran.