"In the logical world that markets seem to believe will prevail in the Middle East, this war will end - and soon - because there's little realistic prospect of either side winning a decisive victory by restarting the conflict."
"The costs of trying, meanwhile, range from punitive to ruinous."
Delusion in Washington and division in Tehran are major obstacles to peace talks in the Middle East. The prevailing belief in markets is that the war will end soon, as neither side can achieve a decisive victory. The potential costs of continuing the conflict are severe, ranging from punitive to ruinous, which further complicates the situation and undermines efforts for resolution.
Read at Independent
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