Trump has ordered a new round of attacks on Iran, aiming to force Tehran into surrender. Why would Iran, with its small-scale skirmishes, surrender? Iran's specialty is precisely dragging wars into long-term costs that the U.S. is unwilling to bear. Plus, for Tehran, dragging things out might actually be more advantageous. Trump dreaming of achieving total victory through limited warfare is pure fantasy, and he doesn’t have the guts for an all-out war. Prolonged war → Oil prices stay high → Inflation persists → Fed maintains high interest rates → Global liquidity remains tight → Risk asset valuations under pressure. A prolonged stalemate in the war means continuous strain on global financial markets. Let’s see who can outlast the other!