For all of President Trump’s recent threats to “annihilate Iran,” the reality is that the United States is running out of both options and time to resolve this US- Israeli-initiated war. The US has made overtures toward renewing a hot war, but it has not gone further than that as the economy, both domestically and globally, deteriorates and other countries reconsider their relationships to the US and to each other. The midterm elections this Fall, with Republicans not poised to do well, are further impacting decisions being made by the Trump administration as well. Professor John Mearsheimer, a former Air Force captain and author of numerous books on foreign policy and the Middle East, joins The Chris Hedges Report to unpack the competing interests surrounding the war, and to discuss what options are available to the US. Mearsheimer says, “We have no strategy for producing victory in Iran, other than hoping that their economy collapses, which leads to regime change, and then they make all the necessary concessions to us.” This is highly unlikely to happen. Mearsheimer predicts that the Trump administration is aware that the US has failed and is waiting until after the midterm elections to make a decision about next steps, but he cautions that the US will be in the same position militarily as it is now — the world could enter a long-term economic recession, or worse, depression, by that time. The Bessent strategy of increasing sanctions and recruiting allies to participate in an economic blockade of Iran isn’t working either, as major powers like China and Russia have already defied the US and continue to work with Iran. The clock is ticking as the closure of the Strait and the successful Ansar Allah attacks on Saudi oil infrastructure, blocking Gulf oil coming through the Red Sea, are causing oil supplies, including what remains in the strategic reserves, to dwindle. As it currently stands, the US and Israel have failed to achieve virtually all of their military objectives. Israel’s most important stated goal, preventing Iran from acquiring nuclear weapons, is hardly even discussed anymore. With the Supreme Leader assassinated, one of the last remaining impediments to Iranian nuclear armament is gone, and the new guard is increasingly considering developing nuclear weapons. With the US and Israel facing military defeat and devastating economic consequences, a new regional power is rising, and the relationships that have defined the era of US hegemony are shifting rapidly.