Economics
Iran-U.S. Conflict to Shift Back to Proxies After Threat of War
- Trump responded to a missile barrage with fresh sanctions
- Pentagon says Iran-linked groups may undertake terrorist acts
This article is for subscribers only.
Iran and the U.S. stepped back from the brink of open military conflict this week, but underlying tensions that led to a spate of violence in the past month aren’t going away and sanctions pressure on Tehran is climbing even higher.
Despite a modest easing of tensions -- President Donald Trump said “Iran appears to be standing down” -- the Islamic Republic won’t back down from its goal of making the U.S. pay for killing a top general and for the crippling sanctions imposed since 2018, according to a senior Western diplomat.