Tikvah
Editors’ Pick

June 2, 2026

Iran Faces Economic Collapse

Even fanatics cannot live on ideology alone.

To understand what’s happening in Iran, it might make more sense to look at economics than at diplomacy or tactics. Zineb Riboua points out that the Islamic Republic was in the throes of fiscal and economic crisis in January. Even with the fighting paused, the situation in the Strait of Hormuz is worsening that crisis severely—and that’s not to mention the damage done by Israeli and American bombs:

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