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Analysis

Why the clock is ticking on the Iranian regime

Iranians suffering from decades of economic decay have seen the ayatollah’s billion-dollar weapons projects go up in smoke – and the rage is mounting

August 20, 2025 15:32
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Masked Basiji militants carry a mockup of a missile with Iran's flag during a parade of an alleged 110,000 paramilitary Basij and IRGC (Islamic Revolutionary Guard Corps) forces in downtown Tehran, Iran, on January 10, 2025. (Photo by Hossein Beris / Middle East Images / Middle East Images via AFP) (Photo by HOSSEIN BERIS/Middle East Images/AFP via Getty Images)
3 min read

Two months after its devastating 12-day war with Israel, the Islamic Republic is reeling.

Not just because Israel inflicted severe damage on Iran’s nuclear and ballistic missile infrastructure, decimated key military sites, exposed the fragility of the regime’s air defences and eliminated top IRGC leaders and nuclear scientists.

Nor simply because the “Axis of Resistance” Tehran spent decades cultivating — Hezbollah in Lebanon, Hamas and Islamic Jihad in Gaza, the Houthis in Yemen and the Assad regime in Syria — now lies fractured.

More serious than external defeat is the mounting realisation among everyday Iranians that the regime has left the country hollowed out from within.

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