Skip to content
Search

Latest Stories

Analysis

What’s next for Iran?

​Young Iranian female protesters shout anti-U.S. and anti-Israeli slogans while participating in a protest to condemn the U.S. attacks on Iran's nuclear facilities in downtown Tehran, Iran, on June 22, 2025, amid the Iran-Israel war.

Young Iranian female protesters shout anti-U.S. and anti-Israeli slogans while participating in a protest to condemn the U.S. attacks on Iran's nuclear facilities in downtown Tehran, Iran, on June 22, 2025, amid the Iran-Israel war.

Photo by Morteza Nikoubazl/NurPhoto
Make us preferred on Google

The United States is back at war in the Middle East: Late Saturday evening, the US military unleashed 75 precision-guided weapons, including 14 “bunker-buster” bombs, against Iran’s Fordo, Natanz and Isfahan nuclear sites. Israel followed up by hitting Fordo’s access routes on Monday. US President Donald Trump is now openly contemplating regime change.

It’s not yet clear how much damage has been done to Iran’s nuclear capabilities. Trump hailed the operation and said that the US had “completely and totally obliterated” Iran’s nuclear program, but Vice President JD Vance said Sunday the White House is going “to ensure that we do something with that fuel,” tacitly acknowledging that the Islamic Republic may still retain supplies of enriched uranium. Tehran, for its part, said it had already moved fuel and key technology away from the key nuclear sites before they were bombed.


How Might Iran Retaliate? Tehran called for revenge, but it’s not yet clear what that looks like. The original Israel-Iran war continues, as the two sides traded barrages of ballistic missiles over the weekend. Whether the US becomes further intertwined is another matter. Iranian Foreign Minister Abbas Araghchi warned in a post on X that the US attacks “will have everlasting consequences” and that Tehran “reserves all options.” Those include:

  • Closing the Strait of Hormuz. Iran could sow undersea mines, ban patrols, or harass tankers by quickboat to halt travel in the Strait, which would cripple roughly 20% of global oil transit and send prices soaring – prices are already edging up in anticipation of the strait’s closure. But Tehran would also pay the economic price of withholding its chief export, which US Secretary of State Marco Rubio qualified as “economic suicide.” Iran’s parliament seems unfazed: it voted on Sunday to back a plan to close the Strait of Hormuz, pending approval by the country’s Supreme National Security Council.
  • Attacking US bases. US military sites in the region are on high alert after Iran’s Revolutionary Guard labeled US troops as not a “strength” but a “vulnerability.” Tehran also said on Monday that the US attack had expanded the range of legitimate targets. Analysts estimate, however, that half of Iran’s missile launchers have been destroyed and it has significantly depleted its stockpile of roughly 2,000-3,000 missiles.
  • Attacking other US interests. Iran could strike US personnel and interests in the region, according to Middle East expert Jonathan Panikoff of the Atlantic Council. It could also bide time, rebuild capabilities, and plan terrorist attacks inside the US, including cyberattacks on major infrastructure. Such tactics may not satisfy hardliners, however, and the weakened regime may feel the need for a greater and faster show of strength.
  • Leveraging allies and proxies. Russia has condemned the US strikes and could become more deeply involved, with Araghchi heading to Moscow for consultations on Monday. Iran could deploy proxies Hamas and the Yemen-based Houthis – who have already vowed revenge – to attack US or Israeli sites. Hardline factions inside Iran could also gain momentum.

What Do Iranians Want?

  • Domestically, public reaction is mixed: a rally-around-the-flag effect combined with ongoing grievances with the regime over economic hardship, corruption, and lack of freedoms. Critically, there’s no mass opposition movement poised to topple the regime, and tight surveillance makes it more difficult to organize.

  • Outside the country, the Iranian diaspora has long advocated for reform or regime change, but the government is now limiting their influence inside the country. It has shut down the internet and deployed AI answerbots, making communication extremely difficult, limiting the news Iranians can receive and their ability to engage.
Is the regime in trouble? It’s hard to say. Supreme Leader Ayatollah Ali Khamenei is currently in hiding, deliberately cutting contact with all but a tiny circle of close allies, and he is now drawing up succession plans just in case he is killed. Israel has already assassinated a number of key military figures, and is now targeting airstrikes on other symbolic regime targets, including a notorious jail for political prisoners. The regime is holding together for now, but could there be a moment when Iranians – or at least key regime elites – start to feel that the Ayatollah, like the proverbial emperor, has no clothes?

More For You

Supporters of the Forever Canadian group, who want Alberta to remain in Canada, wave Canadian flags as they wait for the results of a non-binding referendum on Alberta sovereignty in Edmonton, Alberta, Canada October 19, 2026.

Supporters of the Forever Canadian group, who want Alberta to remain in Canada, wave Canadian flags as they wait for the results of a non-binding referendum on Alberta sovereignty in Edmonton, Alberta, Canada October 19, 2026.

REUTERS/Todd Korol
Alberta is staying in Canada. After a long night of ballot counting, with some polling stations open until 10:30 pm due to long lines and late starts, voters in the oil-rich western Canadian province decisively rejected taking steps toward independence. Seventy-six percent voted to remain part of Canada, while 24% voted to initiate a secession [...]
Washington’s controversial new approach to foreign aid
What do countries receiving US foreign aid owe Washington? Since returning to power in 2025, the Trump administration has drastically changed the answer to this question, pursuing an ‘America First’ philosophy that is dramatically more transactional: the US will give you money, but you must give the US something valuable in return.In the [...]
Refugees and migrants arrive on an overcrowded boat on the Greek island of Lesbos, November 10, 2015. Since the start of the year, over 590,000 people have crossed into Greece, the frontline of a massive westward population shift from war-ravaged Syria and beyond.

Refugees and migrants arrive on an overcrowded boat on the Greek island of Lesbos, November 10, 2015. Since the start of the year, over 590,000 people have crossed into Greece, the frontline of a massive westward population shift from war-ravaged Syria and beyond.

REUTERS/Alkis Konstantinidis
Anti-immigration political parties are making big gains across Europe these days. Germany’s Alternative for Germany (AfD) party just won two major state parliamentary elections, campaigning in part on mass deportations of undocumented immigrants. Spain’s far-right Vox party continues to grow in popularity, especially after a recent surge of [...]
MF Communications Officer Jose Luis De Haro, Director of the Research Department at the IMF Silvana Tenreyro, Deputy Director of the Research Department at the IMF Petya Koeva-Brooks and Division Chief at the Research Department of the IMF Deniz Igan attend a press briefing during the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center (QSNCC)

IMF Communications Officer Jose Luis De Haro, Director of the Research Department at the IMF Silvana Tenreyro, Deputy Director of the Research Department at the IMF Petya Koeva-Brooks and Division Chief at the Research Department of the IMF Deniz Igan attend a press briefing during the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National Convention Center (QSNCC) in Bangkok, Thailand, October 13, 2026.

REUTERS/Patipat Janthong
The people tasked with safeguarding the world’s financial stability are gathering in Bangkok, Thailand, this week. Central bankers, finance and development ministers, private sector leaders, civil society representatives, and academics from nearly 200 countries are attending the IMF-World Bank’s annual meetings to discuss soaring public debt, the [...]