Iran's influence is waning due to the toppling of Bashar al-Assad's regime in Syria, weakening of proxies like Hamas and Hezbollah after conflicts with Israel, and a struggling economy that limits its ability to sustain costly foreign ventures.
The Assad regime was crucial as part of Iran's 'axis of resistance,' forming a strategic triangle with Hamas and Hezbollah in the Levant, which was key to challenging Israel and U.S. influence in the region.
Iran may double down on its influence in Iraq, where it has significant political and military sway since the U.S. invasion in 2003. It also retains the Houthis in Yemen, though its economy and domestic unpopularity limit its ability to expand further.
Israel has significantly weakened Hamas and Hezbollah through sustained attacks, leading to the effective defenestration of these groups and undermining Iran's regional policy.
Iran's leadership has issued face-saving statements, claiming prior knowledge of events and vowing to strengthen the 'axis of resistance.' However, there is a sense of retreat and assessment as Iran waits to see how regional dynamics and potential U.S. policy changes under Trump unfold.
Iran's weak economy and lack of public support limit its ability to sustain costly foreign ventures, making it difficult for the regime to justify spending on its regional proxies.
Iran has lost a key regional ally with the toppling of Bashar al-Assad's regime in Syria. Tehran's other proxies, Hamas and Hezbollah, are also weakened after over a year of fighting with Israel. What influence does Iran have left in the Middle East? Bloomberg's Head of Iran coverage Golnar Motevalli joins host Stephen Carroll to discuss.
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