Donald Trump believes economic pain will do what weeks of air strikes couldn’t: break Tehran’s will and force it to concede. But some experts say this might be misreading Iran’s threshold for pain.
The blockade began at 10 a.m. ET yesterday, after weekend peace talks in Pakistan ended without a breakthrough. Iran’s Islamic Revolutionary Guard Corps (IRGC) has vowed to retaliate, and Iranian officials have warned of the ripple effects on the global economy, including at the cost of the American consumer.
“Iran has several options for offsetting the economic effects of the US blockade, but their overall impact is uncertain,” Hasan Alhasan, a senior…