Bohl, geopolitical analyst, framed the conflict as a structural stalemate. The U.S. holds military and economic superiority, but faces a political clock ticking toward the midterms.
Iran survived an internal uprising and doesn't face elections, but is running out of runway on its economy.
Neither side has the ingredients for a decisive win. That's what keeps this going.
"There is an option, but it's almost off the table in terms of our cone of possibilities. It seems politically impossible that Congress would greenlight such a campaign going forward."
He predicts an extended conflict, off and on, likely running through the winter and into next spring.
Trump gets short bursts of ceasefire headlines for the market reaction, then the shooting resumes because nobody will move on who controls Hormuz.
Neither side is winning this war. They're just outlasting each other.
@Ryan_Bohl
