Update on the War with Iran
March 5, 2026
Major General James “Spider” Marks
United States Army (Ret.)Head of Geopolitical Strategy,
Academy Securities
Peter Tchir
Head of Macro Strategy,Academy Securities
Moderator: Bret Lowry
United States Navy VeteranManaging Director, Head of Special Situations
Academy Securities
Nicholas Carpenito
United States Air Force VeteranVice President, Operations
Academy Securities
Table of Contents
Introduction
Objectives of U.S. and Israeli Strikes on Iran
Iran’s Retaliatory Strikes
Risk of Escalation in the Region
Potential for Regime Change
Macroeconomic Impacts
Conclusion
