The 34th day of the US-Israel war against Iran unfolded in the immediate aftermath of US President Donald Trump’s speech, which, rather than opening any pathway to de-escalation, appeared to have hardened positions across the conflict spectrum. The remarks triggered swift Iranian retaliation, and reinforced a trajectory of sustained attrition with an increasingly central focus on economic pressure and maritime control. In his speech, Trump declared that US and Israeli objectives were nearing completion, while committing to another two to three weeks of intensified strikes and warning that Iran could be pushed “back to the Stone Age” if it failed to reopen the Strait of Hormuz. Trump’s formulation looked to be a combination of coercive diplomacy and continued military escalation, even as it left ambiguity over the precise end state being sought. The immediate Iranian response underscored the limited deterrent effect of the speech as Iran’s Islamic Revolutionary Guard Corps launched one of its largest single-ni...