Iran Can’t Let Trump Have His TACO and Walk Away
Markets are betting on an early end to the war, but both sides need to declare victory.
Iranian drones could imperil the Strait of Hormuz for a long time.
Photographer: Morteza Nicoubazl/NurPhoto/Getty
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Speculating about the likely duration of the war in the Middle East is difficult and dangerous enough at any time. As this edition needs to go to press earlier than usual thanks to a day of transit ahead, it’s particularly risky. But, assuming that Mojtaba Khamenei isn’t flying a large white flag over Tehran by the time you read this (which is a reasonable supposition), what conclusions can we reach about the length of the war?