Bobby Ghosh, Columnist

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The Yemeni rebels represent a greater danger to the world economy than Hezbollah or Hamas.

A friend in need...

Photographer: Iranian Ministry of Foreign Affairs/Anadolu via Getty Images

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The IRIS Alborz, pride of the Iranian navy, isn’t much of a warship. Commissioned in 1971, the frigate is both long in tooth and lacking in teeth: Decades of sanctions have obliged Iran to jerry-rig it with homemade combat systems, well short of the firepower of equivalent vessels in the world’s major naval fleets.

The ship serves important symbolic purposes, though. It is a reminder that the Islamic Republic is a maritime state, if not quite a power. Its armaments, limited as they are, also advertise Iran’s indigenous weapons-making capabilities. When it sails out of its home port of Bandar Abbas on the Persian Gulf, the Alborz projects not power so much as defiance.