What It Means If Trump Loses Control of His War

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94%
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Short Term

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US President Donald Trump appears to be losing control of the war with Iran that he started. More than three weeks in, Tehran remains defiant and has lashed out more fiercely at Gulf neighbors than Trump expected. The Strait of Hormuz is still effectively closed, and even America’s closest allies have refused his request to help reopen it. Israel has launched attacks on Iran’s energy infrastructure — Trump claims — without Washington’s knowledge, prompting an attack on Qatar that has taken 17% of its LNG export capacity offline for three to five years. So where does that put Trump? The conflict’s current trajectory looks untenable as the economic, political and military costs mount. Bloomberg Economics Senior Geoeconomics Analyst for Asia-Pacific Adam Farrar joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)

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Original article published by Bloomberg on March 21, 2026.
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