Week 2 of Iran analysis: Military momentum meets economic and political reality

TL;DR

Military operations against Iran are intensifying, targeting missile and nuclear facilities, and are expected to continue for weeks.
Mojtaba, son of Ayatollah Ali Khamenei, has been appointed as Iran's new supreme leader, likely prolonging the conflict.
Iranian missile and drone launches have significantly decreased, with increased success in interceptions by US and Israeli forces.
The conflict has led to Iran's increased isolation, with enhanced cooperation from Gulf states, Britain, and France.
Russia and China have provided only rhetorical support to Iran, though Russia is reportedly sharing targeting information against American ships.
There has been no major asymmetric response from Iran yet, though threats of terrorism persist.
The Strait of Hormuz is a critical economic concern, with shipping fears causing a 35% surge in global oil prices.
The US has announced measures to mitigate the economic impact, including an insurance facility and suspending sanctions.
The military campaign aims to degrade Iran's power projection capabilities but is unlikely to result in regime change.
The lack of a natural endpoint makes the campaign difficult to manage, but objectives focus on containing Iran's military power.

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