Economic Costs For US, Iran Too Great for 'All-Out War,' Says CSIS's Will Todman

Will Todman, chief of staff of the Geopolitics and Foreign Policy Department and senior fellow of the Middle East Program at CSIS, said that a low level conflict with outbursts from both the US and Iran is more likely than an 'all-out' war because the economic costs to both countries are too great. Todman said that Iran is 'very keen' to keep control over the Strait of Hormuz as an economic and strategic negotiating tool. (Source: Bloomberg)