U.S.-Iran Crisis Edges Toward Prolonged Stalemate

2026-05-13 10:15:00 ET

President Trump is warning that the US could restart strikes on Iran, a stance that reads less like a negotiating tactic and more like the opening move in a drawn?out standoff. A few days ago, he described the fragile cease-fire as being on “massive life support.” In other words, a long, grinding stalemate appears to be taking shape. That’s a threat to the global economy because as the impasse drags on and energy exports from the Gulf remain blocked, the world’s oil supply shrinks and scarcity risks rise....

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