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Dina Esfandiari
Bloomberg Economics
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On day nine of US strikes, Esfandiari says both sides are entrenched on red lines with no path to de-escalation; US war goals have shifted from regime change to merely reopening the Strait of Hormuz, and only diplomacy could end it.
“I think right now we are on track towards this becoming the beginning of another forever war.”
WTI crude since this was said: ▼ -10.3% · 83.23 → 74.66 · as of 2026-08-05
“I don't think these talks are going to make that much progress. Both sides' red lines are still too far apart, and neither side has really shown any willingness to move towards the other.”
WTI crude since this was said: ▲ +4.6% · 71.41 → 74.66 · as of 2026-08-05
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