Three months of war with the United States and Israel may not have broken Iran’s resistance, but its economy has been brought to its knees. Forty days of American and Israeli bombing in March and early April – targeting energy grids, steel mills, petrochemical plants, ports and transport corridors – were followed by a two-month US naval blockade that sealed off much of what remained. The damage bill has reached an estimated US$270 billion against a gross domestic product of US$371 billion in...