The U.S.–Iran war is grinding on with no end in sight, and it is bad for American troops in the region, for drivers paying more for gas, and for the world economy.

• U.S. strikes near the Strait of Hormuz hit a wedding party, killing several people including a child, and Iran hit back at American bases in Jordan and Iraq.
• The exchange burned through a big chunk of America's already thin stock of missile interceptors and changed nothing on the ground.
• Trump says he does not want a deal, claims Iran's economy is collapsing, and is again urging Iranians to overthrow their own government.
• Oil has pushed past $94 and diesel is above $6, squeezing the wider economy just as midterm elections approach.
• Congress passed a resolution ordering the war to end, but nobody in the Republican leadership is willing to enforce it.

Outlook: Expect more tit-for-tat strikes and higher gas prices, with no political off-ramp while Trump refuses to declare either victory or defeat.