The US–Israel–Iran conflict has entered a dangerous pause. Direct strikes have slowed, but the strategic contest continues through the Strait of Hormuz, maritime pressure, sanctions, Lebanon, and the wider role of Russia and China. This TSB analysis examines three possible paths ahead: a negotiated settlement, a frozen conflict, or a renewed phase of active operations.

Leonidas matters less as a technological spectacle than as a possible answer to a harder military problem: how to defend against cheap aerial mass without exhausting expensive interceptors and shallow magazines. This insight examines the system not as a marketing claim, but as a strategic proposition — one that could affect force protection, procurement priorities and the economics of modern air defence if its promise survives the harder tests of integration, scale and operational reality.