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Bloomberg

Economic Costs For US, Iran Too Great for 'All-Out War,' Says CSIS's Will Todman

Wednesday, July 8, 2026


Will Todman, chief of staff of the Geopolitics and Foreign Policy Department at CSIS, stated that limited conflict with periodic escalations between the US and Iran is more likely than full-scale war, citing economic constraints on both nations. Todman said Iran seeks to maintain control of the Strait of Hormuz as a negotiating tool.

Original reporting: https://www.bloomberg.com/news/videos/2026-07-08/cost-for-us-iran-too-great-for-all-out-war-todman-video

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