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