either that or another measure
1) three level of leadership are dead
2) Their Navy is at the bottom of the sea
3) Their air force is gone
4) the Uranium is under the ruble
5) The Strait of Hormuz is being cleared of mines
6) The only active weaponry left in the straight are rocket launchers (almost completely gone) and go fast boats. Remember what happened in the Caribbean - that's happening now.
7) Iran is completely blockaded and loosing hundreds of millions of dollars a day
8) Iran economy is tanking
The situation is more complex than either posting indicates, and I think is less predictable.
The basic situation is that Iran's economy is in bad shape now. However When supplies around the world are drained, the whole world will be as well. Demand for oil is inelastic. The only way to absorb a 15 - 20% decrease in oil supply is for large enough price increases to force a recession. On the surface it looks like a matter of who can accept the most damage.
However there are complicating factors. Many are confident they can predict these. I'm not so confident. I'm not making predictions on any of these:
* Will Iran's government buckle?
* Can the US clear the Strait, and preven Iran from attacking ships from anywhere along its coast?
* Will Iran get tired of the standoff, and destroy the Gulf States oil infrastructure?
* If they try, will Ukrainian defenses actually succeed in stopping their missles. (Ukraine's skill in doing this and their involvement in the Gulf states isn't widely reported, as far as I can see.)
* Will the US get tired of the standoff, and attack Iran? If so, the previous two items apply
* Will China, Japan, etc, get tired of the standoff, and start running convoys with miliary escort?
* Perhaps Iran will find a way to make an offer that Trump will accept.
The worst case is a war between Russia, China, Japan and us. The next worst case, which is more likely, is that we try to get rid of Iran's missles, and they fire them all at once, doing maximum possible damage to the Gulf States.
The best case is negotiated settlement. The next best
is that we clear the mines and get rid of Iran's missles. Note that this doesn't necessarily deal with Iran's ability to enrich uranium. But if we can open the Strait, it removes time pressure and makes it much more likely we can either destroy enough of Iran's nuclear capability to claim victory, or negotiate something.
Both of these alternatives seem plausible, but my current bet is that we attack Iran, and they do significant damage to the Gulf states and/or Israel, causing a prolonged, deep global recession.