Iran War Endgame Remains Elusive

Dina Esfandiary, Bloomberg's Mideast geoeconomics lead, said a protracted conflict with cycles of escalation and pauses is a likely scenario, citing deep divisions over the Strait of Hormuz as a complicating factor in diplomatic efforts. Esfandiary told Bloomberg This Weekend that Gulf Arab states are pressing to avoid further escalation to limit economic and security damage from the conflict. No agreement on terms has been announced.

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