A ceasefire slips past its deadline. A blockade tightens. And the biggest question isn’t who’s winning—it’s who actually has the leverage.
In this episode of Threat & Theory, we break down the real power dynamics shaping the conflict between the U.S., Israel, and Iran. From escalation dominance to economic pressure, we unpack who controls the pace, who controls the options, and who ultimately decides how this ends.
Iran still has the ability to disrupt—but does it have the power to shape the outcome? And how much risk comes with playing its last major card: the Strait of Hormuz?
This isn’t about headlines. It’s about understanding how wars are actually controlled.
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