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Policy Tensor

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Latest Issues

Escalate to Deescalate

By now it is clear that Iran has counter-escalated with a broad attack on US bases in the Gulf littoral.

By now it is clear that Iran has counter-escalated with a broad attack on US bases in the Gulf littoral. How did we get here from ‘a d...

7 days ago
17
2
Paid

The Ben Gurion Risk Model

What would a counter-air attack look like?

The FT reported that fifty-two US combat aircraft are parked at Ben Gurion International airport. They have been parked there because the forward airbases on the Gulf littoral have been badly dama...

17 days ago
22
1
Paid

Does Iran Even Want a Deal?

Perhaps not

The Iranians are playing serious hard ball now. Before JD Vance’s trip to Islamabad, the Iranians declared that for talks to proceed, the US had to respect the ceasefire and force the Israelis to cease their attacks on the Shia...

a month ago
32
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An Equilibrium Model of Counter-Base War in the Western Pacific

During the 2026 war, Iran was able to more or less destroy all US bases on the Gulf littoral using cheap and plentiful short-range ballistic missiles (SRBMs) and drones, forcing the evacuation of most US military personnel and aircraft. CNN...

a month ago
68
18

On Armed Bargaining in Islamabad

Can Vance play a weak hand well?

The principal problem of war termination in the Iran war is the US inability to credibly reassure Iran that the two aggressors will not attack it again, a paramount objective for the Iranians. This is a har...

2 months ago
38
5
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