Iran and US Brace for Long War

Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. The conflict has entered a form of stalemate, with critical issues including control of the Strait of Hormuz and Iran’s nuclear program still unresolved. Bloomberg's Stuart Livingstone-Wallace breaks down the situation. (Source: Bloomberg)