Maximum Pressure

Kataib Hezbollah kills 3 US soldiers in a drone strike on the Syrian-Jordanian border.

Commercial Summary: The attack on Rukban places pressure on Jordan and the US. The US faces bad options only, and its situation in the region is untenable. The US is almost certain to retaliate, but electoral considerations suggest that that retaliation would not lead to a broader, direct US-Iran conflict. That said, as Iran keeps pushing its luck, the …