Did the Boomerang War prove Iran’s power to endure?

When coercion lacks clarity, the weapon turns back on the hand that threw it. One hundred and ten days of American and Israeli bombardment. A relentless naval blockade. The proclaimed objective: to cripple Iran’s nuclear ambition, shatter its missile arsenal, and break the back of the Islamic Republic. And now? A memorandum of understanding. A ceasefire on ‘all fronts’. And the slow, grudging unfreezing of more than $100 billion in Iranian assets—the very financial sinews that sanctions were meant to sever. This is not a victory. This is the sound of strategy unravelling. The numbers tell a damning story. China holds between $20 billion and $50 billion in Iranian funds. Iraq owes roughly $15 billion for electricity and gas. India […]