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Summing up the Iran situation

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1) The US looks for an off-ramp and cedes control of the Strait of Hormuz to Iran. This puts the dollar's hegemony in jeopardy. It also makes a nuclear war between Israel and Iran likelier down the line

2) The US does a full-scale invasion of Iran. Iran (with assistance from the Houthis) retaliates by decimating the oil infrastructure and desalinization plants of the Gulf states, leading to a mass migration and a worldwide economic depression.

3) The US continues the war as it is, roughly-speaking. This really starts impacting the world economy as oil becomes a true problem. For now, strategic reserves are being used and China has greatly cut back on imports. That can't last forever

So, the situation is completely fucked beyond repair at this point.
 
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