Iran War Reaches Endgame - Costly Stalemate

The Iran war has reached its endgame - a costly stalemate, six months after US and Israeli forces attacked Iran.

Tehran is under economic siege but still holds power and believes it has time on its side.

Washington's latest measures shift the battlefield from missiles and airstrikes to Iran's oil revenues, banks, and trading partners.

Treasury Secretary Scott Bessent said the US will cut off the financial lifelines sustaining Iran's economy, while a US-led naval blockade restricts Tehran's oil exports and access to hard currency.

Aaron David Miller, a former US diplomat, called this 'Desperation Day', saying: 'I don't think the administration is any closer to finding a way out of this.'