Will Iran Go Bankrupt Like the USSR?

While Iran's rulers have no aspirations to be a superpower, they do seem to covet being a regional hegemon as the Persian Empire was. So far, Iran has waged war on the cheap by using proxies rather than massive troop commitments as the U.S. did in Vietnam, Iraq and Afghanistan. But as Hezbollah has discovered when its Iranian subsidies were slashed, even war on the cheap can be expensive.

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