Trump Seeks Iran War Exit as Hormuz Shock Hits Economy
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- Trump seeks to end the war without it becoming “an abject failure”.
- Barbara Slavin of the Stimson Center says Trump misread the situation in Iran.
- Trump did not anticipate Iran’s leadership holding firm.
- Pressure failed to force a deal with Iran.
- The Strait of Hormuz closure shocked the global economy and raised the risk of a prolonged war.
Why it matters: The Hormuz closure has shocked global markets while Iran’s firm stance thwarts U.S. pressure, raising the likelihood of an extended war that will cost the United States politically and financially and disrupt worldwide trade, deepening economic uncertainty across Europe and Asia.
