GLOBEALERT
Conflict● ElevatedAug 18 · Aug 18, 2026, 4:05 AM

How Iran has staved off economic collapse despite the US-Israeli war

GlobeAlert Desk · curated from Responsible Statecraft

Nearly six months after the U.S. and Israel launched an operation to overthrow the Iranian government, it’s fair to say their assault hasn’t exactly gone according to plan. Still, the ensuing war has followed a clear, predictable logic.After decades of sanctions failed to persuade Iranians to overthrow the regime, Israel and the U.S. resorted to war; after that failed too, they turned to a naval blockade. Each escalation has had an impact, adding to the misery of life in Iran, but so far each has missed its ultimate target: forcing a surrender.The military stalemate has once again turned atten

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2 Elevated

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Conflict

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