No, Iran is not winning: In Act IV of the war, it’s losing its leverage in Hormuz
Its strategy through the first three acts was clear: threaten commerce in the Strait, raise energy prices globally and gasoline prices in the US, increase global economic pressure and ultimately force Trump to back down, particularly with midterm elections approaching.
Act Three began weeks later when Iran chose once again to target commercial ships in the Strait of Hormuz, leading to another tit-for-tat military exchange.
Since mid-July, the US has reimposed its military blockade on Iranian ports and sanctions on Iran’s oil trade.
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