Defence Finance Monitor - Analysis

Defence Finance Monitor - Analysis

The Search for a Decisive Battle

Why the Iran campaign cannot produce the outcome it keeps announcing

Jul 25, 2026
∙ Paid
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By the end of July 2026, the American war against Iran had entered its fifth month. The tally of operations is considerable: US Central Command reported striking more than a thousand targets in the first twenty-four hours and five thousand within ten days; in the single week following 7 July, more than three hundred strikes were conducted against some hundred and forty targets. In the interval there had been a ceasefire, a failed negotiation, a memorandum of understanding, its suspension, a reimposed naval blockade, and a presidential declaration that the truce was over — followed the next day by the clarification that the exchange of fire would not lead to prolonged action. What is missing from this inventory is an outcome. Each phase was presented as the one that would break Tehran’s resolve, and none has done so. The question this raises concerns not firepower, which is not in doubt, but the shape of the undertaking itself: what, precisely, is being sought? Does the decisive blow that continues to be announced exist in this war at all? And if it does not — if the adversary has constructed a situation in which such a blow is structurally impossible — then what, in fact, do the blows that continue to be struck actually produce? Answering requires going back well beyond the events themselves, to the conception of strategy that makes such a blow both thinkable and necessary.


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