War by Other Means: The Strait of Hormuz and the True Cost of Conflict The notion that war is a costly business has been around for centuries.
However, in an era of globalization and interconnected economies, it's become clear that military action can have far reaching consequences. The latest developments on the Iran US front underscore this reality.
Will Todman, chief of staff at CSIS's Geopolitics and Foreign Policy Department, recently warned that a low level conflict with outbursts from both sides is more likely than an all out war due to economic costs involved.