The United States’ war with Iran is looking increasingly like a loss, economically speaking, no matter what happens next. Iran has shown that it can bottle up as much as one-fifth of the world’s oil with its control over the Strait of Hormuz. The U.S. has so far proved itself unable or unwilling to open the waterway militarily. The result is perhaps the worst oil squeeze the world has ever seen, which has now rippled across many nations’ economies, causing rationing and shutdowns. With its ample energy production, America has avoided the worst of that squeeze. Still, the conflict’s costs are such that analysts will likely chalk up the Iran war as a defeat – for American consumers, anyway. Why We Wrote This The Iran war has degraded Iran’s military capabilities, but the conflict has also imposed high economic costs on the U.S. While the global fallout is worse elsewhere, American consumers are feeling squeezed.…