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Iran’s blockade trilemma: endure, escalate or negotiate

Key takeaways • The renewed US blockade is making the status quo progressively more expensive for Tehran. Pressure now extends from crude and petrochemical export revenues to production shut-ins…

  • Iran faces a trilemma: endure, escalate, or negotiate
  • Escalation may become more attractive as blockade continues
  • Negotiations offer clearest economic exit but are politically hard

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