Attrition War Continues

Both sides avoid explicit surrender or major concessions, and the war settles into recurring missile, drone, cyber, and proxy exchanges. This path is plausible because Pezeshkian has limited authority over the IRGC while Israel and the United States still demand concrete limits on Iran's nuclear program.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.