His recent appointment as a national security advisor adds to the trend of more pragmatic sections of the establishment—who advocate negotiating with the West—coming to the fore
For decades, Iran's supreme leader—first Khomeini, then Khamenei—pursued a strategy of backing regional militias to fight Israel, but with the 'resistance axis' in tatters, Iran is left to fight alone
Legislation to fund the American military and intelligence services will include requirements that Israeli defence firms be involved in sensitive projects and that classified information be shared
Even if diplomatic progress continues, the Strait could be closed again. As a result, the geopolitical risk premium attached to Gulf energy exports is unlikely to disappear entirely.