India, June 14 -- As Gulf tensions deepen, stalled negotiations risk prolonging conflict and destabilising global economies.

This week marks 100 days of the US-Israel-Iran war. It was planned as "a little incursion" that was expected to wind up within a fortnight or so with the overthrowing of the Ayatollah regime, cheering crowds in the streets of Teheran, and the destruction of Iran's nuclear and military capabilities. Once the operation was over, the USA would declare 'MISSION ACCOMPLISHED', claim part of Iran's oil as expenses-as they did is Iraq-and depart. Simple.

Instead, it didn't quite pan out that way. The regime is stronger than before and the Iranian people are united. In spite of crippling losses, the Iranians have demonstr...