“So far, both Iran and the US have acted within the framework of rational actors, because they are aware of the dangers of an all-out military conflict. In an election year, it would completely eliminate Biden's chances for re-election if American soldiers are killed. And a wider military confrontation would lead to more instability and a conflict whose repercussions will be unpredictable and would incur hefty costs for both sides. So, I don't expect to see an all-out war, but there is always a risk of miscalculations.”