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Iran's war proved a major letdown
Iran's war was not the armed conflict many expected, but it delivered economic goals: higher oil prices and speculation. An analysis of the real winners.
Anyone expecting a ground invasion in the style of Iraq 2003, with tanks and flags, has been let down. But the real goal of Iran's war was never Hollywood: it was economic. And on that front, the conflict has been a resounding success.
Oil as the spoils of war
The moment hostilities began, crude prices soared. Trump's erratic statements sent markets swinging, and every rise in oil prices filled the coffers of exporters. According to analyses, prices climbed 30%, benefiting Iran and its Saudi rivals, but above all the speculators playing with volatility. The war theater made it possible to keep prices high without any need to invade.
The Strait of Hormuz show
The Strait of Hormuz, a key chokepoint for oil traffic, became a stage. Closures and attacks on ships were announced, yet the oil kept flowing. The threat was enough to sustain tension and prices, without ever actually turning off the tap. As the most skeptical analysts point out, both sides were delighted: Iran sold its crude at a premium and the United States justified its military presence in the region. All perfectly choreographed.
The war nobody wanted to fight
A ground invasion was never realistic. Twenty-first-century wars are wars of attrition and economics. The average citizen is not willing to sacrifice their standard of living, so conflicts are fought in boardrooms and financial markets. Iran's war has not been a disappointment: it has been a success for those who profited from it. The rest of us, as always, watched the show.
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