Why Iran May Win Economic War Of Attrition With Israel
The Independent|April 22, 2024
At first sight, a war of words has replaced the buzz of missiles and drones between Iran and Israel.
MARK ALMOND
Why Iran May Win Economic War Of Attrition With Israel

Spin doctors on both sides have deflated their immediate mutual threats. But it is too soon to breathe a sigh of relief.

Peace is not breaking out in the Middle East, and not only because of intense violence in Gaza. All the reasons for tension and conflict between Iran and Israel are still there. The focus on so-called “kinetic” warfare is distracting us from the economic war that preceded the missile strikes between Iran and Israel this month, and is likely to intensify now.

Ever since 1979, the Islamic Republic has faced US sanctions of varying intensity, made sharper by American suspicions of its nuclear projects. Over the weekend, Donald Trump’s Republicans and Joe Biden’s Democrats in the House agreed on even tighter – potentially military – sanctions on Iran.

Of course, hardships are suffered by ordinary Iranians, unable to access everything from medicines patented in the US to Boeing spare parts for old planes, but the Islamic regime has kept itself afloat and its military-industrial projects funded. It would love to see sanctions dropped – but not at the price of reversing its agenda, which includes aid to Israel’s neighbourly enemies, Hamas and Hezbollah.

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