Iran War Escalation and Global Fallout

The Iran war continues with no off-ramp: peace deal collapsed, Strait of Hormuz re-closed, Houthi attacks on Saudi Arabia, US-China rivalry via MANPADS supply. A new analysis (Wilkerson) warns the conflict could become a world war with a counter-coalition of Russia, China, and North Korea. Oil prices volatile, war fatigue growing, Trump approval at 33%. Domestic political liability for midterms. Unconfirmed report claims US conceded control of Strait of Hormuz to Iran-Oman—if true, a massive shift.