> Unless the President decides to eat some humble pie and basically surrender
I don't think that option even exists. In my opinion the world order changed this year, the USA w/ it's trillions of dollars of GDP and huge military lost it's grip on the ME.
Even assuming a diffrent president, the situation is much worse than it was 7 months ago.
Iran basically holds global oil supplies in a chokehold, and should the US choose to withdraw unconditionally today, Iran would still collect tariffs on all ships passing the strait, and be free to develop nuclear weapons.
Who's going to stop them ? Any attack would simply further constrain oil supplies, with increased costs as a direct consequence.
Regardless of the outcome, global oil prices have taken a permanent hike up. They'll likely drop quite a bit if/when the war ends, and Iran (or allies) stops bombing Saudi oil pipes, and likely also when the Ukraine/Russia war ends, where Russia can alleviate some of the pressure on asia.
If nothing else, its at least driving adoption of the electrification of the western society, and I'm seeing heat pumps and EVs selling at an increased pace. That obviously doesn't help if your electrical grid is also fossil fuel based, but there are also major renewable energy plants being commissioned.
I don't think that option even exists. In my opinion the world order changed this year, the USA w/ it's trillions of dollars of GDP and huge military lost it's grip on the ME.