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Iran’s Allies Abandon the Regime as Geopolitical Tension Escalates

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Iran’s Allies Abandon the Regime as Geopolitical Tension Escalates
Iranian naval ships parade during the last day of a military exercise in the Gulf, near the strategic Strait of Hormuz in southern Iran, in September 2020. Iranian Army office/AFP via Getty Images
Daniel Lacalle
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Commentary

Three things have happened in the past three months that are best understood together.

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Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”