There will be more pain ahead, if Iran was the tired party and USA can thump its chest saying that it has won, maybe it will be a start of something good, because everyone is still so beholden to the US markets.
Embarrassingly enough, Iran has been stubborn enough and USA looks to be an extremely frustrated figure, constantly having to declare that they have won, will win, yet still continue fighting.
There will now be a more problematic Iran in the region who will not hesitate to lash out at anyone.
The biggest curiosity I have is how the markets will react if it is obvious that the US did not win, will it simply celebrate the war ending and go up, or will it worry about further shakiness and stay anaemic.
# After Disappointing Q1, Can Q2 Stage a Rally?

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