By the Bloomberg editorial team
It is becoming increasingly obvious that the White House has rushed into a war with Iran without fully considering the possible consequences. This is an additional reason to hasten the end of the conflict.
After nearly three weeks of hostilities, the U.S. is reaching the limits of its air power capabilities. Although U.S. and Israeli attacks have destroyed thousands of military targets and killed dozens of high-ranking officials, including Supreme Leader Ayatollah Ali Khamenei, the regime remains standing. Drone and missile attacks on neighbouring countries and merchant ships trying to pass through the Strait of Hormuz have paralyzed the Persian Gulf region. Oil prices are skyrocketing – industries from agriculture to semiconductors are worried about shortages of key raw materials. Inflation fears are spreading.






