- Six months into the U.S.-Iran war, the conflict is hardening into a stalemate that could last well into 2027, with energy markets held hostage, inflation elevated and neither side willing – or able – to back down.
The war, which has killed thousands and inflicted extensive damage across the Middle East, has undergone a profound transformation. It began on February 28 as a joint U.S.-Israeli effort to cripple Iran militarily,
