Six months into the U.S.-Israeli war with Iran, Tehran is under mounting military and economic pressure but retains significant leverage through the Strait of Hormuz and support from China and Russia.

Six months into the US-Israel campaign against Iran, Brent crude is up 25%, importers face $330B in extra costs, and the renewable energy pivot

With hard-liners consolidating power, Tehran is preparing for a prolonged confrontation as economic pressure mounts and divisions linger