The same regime is still in place in Venezuela, just with a different, albeit acting, president. Listen | 37:48Iran’s response also seems to have evolved significantly from the stance it took to the US-Israeli-led attacks last year. All of which suggests Tehran, in contrast to its de-escalatory stance last year, may be preparing for a longer engagement. If this materialises, the economic impact will be similarly longer and more profound. Operation Epic Fury, the US name for the attack, might well be named epic gamble.

Source: The Irish Times March 03, 2026 09:02 UTC