Even if it stays on the sidelines of the US-Iran war, the country is fragile. Unlike larger economies that can absorb shocks in global markets, it has little room to cushion the impact.
Cairo and Tehran have been at loggerheads since 1979, but the Iranian threat has always acted as a check on Israeli ambitions. If Iran is completely defeated, Israel will reign supreme.
The announcement last week that the US was pulling its 1,000 troops there has sparked worry, as American presence is seen as crucial for integrating the Kurds and fighting IS
Washington and Tel Aviv may think the key to ending Iran's regime is to kill its missile bank and capabilities, but sometimes strategy matters more than hardware
When states are attacked, authority gravitates towards institutions capable of mobilising resources, enforcing discipline, and coordinating a military response
Cairo and Tehran have been at loggerheads since 1979, but the Iranian threat has always acted as a check on Israeli ambitions. If Iran is completely defeated, Israel will reign supreme.
Even if it stays on the sidelines of the US-Iran war, the country is fragile. Unlike larger economies that can absorb shocks in global markets, it has little room to cushion the impact.