March 25, 2026 | National Review

Iran’s Most Powerful Weapon? Keeping the Market Guessing

In order to hurt Washington, Tehran is practicing a deliberate strategy to weaponize uncertainty.
March 25, 2026 | National Review

Iran’s Most Powerful Weapon? Keeping the Market Guessing

In order to hurt Washington, Tehran is practicing a deliberate strategy to weaponize uncertainty.

Excerpt

The United States is fighting on two fronts in the war against Iran. One is in the skies. The other is in the market. Washington is winning the first. Tehran knows its best chance lies in the second.

Much has been made of Iran’s asymmetric drone advantage — cheap, unmanned systems that strain the capacity of conventional air defenses. But there is another asymmetry at work, one that has received far too little attention: Iran’s ability to undermine American economic messaging with nothing more than a denial.

Max Meizlish is a research fellow at the Foundation for Defense of Democracies and a former sanctions enforcement officer in the U.S. Treasury’s Office of Foreign Assets Control. Follow him on X @maxmeizlish.