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Regime change in Tehran could give peace a chance in West Asia

Mint Chennai

|

June 26, 2025

This isn't America's stated aim but a shift in power may leave a volatile part of the world better off

- NOURIEL ROUBINI

Last November, I said that Israel was likely to attack Iran's nuclear and other military facilities, even go so far as to eliminate the "regime's top military and political leaders." I also argued that "any US administration would inevitably continue to support [Israel], directly or indirectly." Regardless of divisions in Tel Aviv about the conduct of war in Gaza, the broad consensus across the Israeli political spectrum—including center-left critics of Prime Minister Benjamin Netanyahu—was that Iran was close to developing a nuclear weapon, seen as an existential threat to Israel. Centrist leaders such as Benny Gantz and Yair Lapid criticized Netanyahu for being soft on Iran.

It was only a matter of time before Israel struck Iran, which, starting on 7 October 2023, had unleashed Hamas, Hezbollah, Houthis and Shia militias in Syria and Iraq against Israel. After Tel Aviv decimated these proxies and Iran lost deterrence, Iran's only option was to gain nukes, an unacceptable outcome for Israel and the West broadly. Thus, Israel's attack against Iran. And since some of Iran's hardened nuclear facilities were robust enough to withstand Israeli weapons, it was clear that the US would intervene to destroy those units, despite the anti-interventionist sentiment of US President Donald Trump's political base. Iran counter-attacked Israel with missile barrages [and later fired at a US base in Qatar, causing no serious damage]. [Trump announced a ceasefire thereafter], but the Iranian regime is so weakened that it can barely defend itself, let alone [hurt the US].

FLERE HISTORIER FRA Mint Chennai

Mint Chennai

Mint Chennai

Small NBFCs begin to close the door on unsecured loans

lenders and their backers, who had bet on such loans without collateral for growth.

time to read

2 mins

October 28, 2025

Mint Chennai

Bessent names Fed chair finalists ahead of year-end decision

US treasury secretary Scott Bessent on Monday confirmed the names of five finalists to succeed Federal Reserve chair Jerome Powell, with the president saying he expected to make his decision by year-end.

time to read

1 min

October 28, 2025

Mint Chennai

CGHS plans smoother drug delivery

The government is set to soon roll out a digital revamp of the Central Government Health Scheme (CGHS) to improve delivery of medicines to its 4.7 million beneficiaries. The initiative aims to address recurring complaints of drug shortages and delays and will bring real-time tracking and accountability to ensure smooth delivery to one of India's largest public healthcare networks, according to two officials and documents reviewed by Mint.

time to read

1 mins

October 28, 2025

Mint Chennai

Mint Chennai

Milei wins mandate for free-market revolution in Argentina’s election

resident Javier Milei scored a decisive political win Sunday, strengthening his position in Argentina’s Congress and securing a lifeline for his audacious free-market revolution backed by President Trump .

time to read

4 mins

October 28, 2025

Mint Chennai

A practical playbook to caring for your parents in India from abroad

Adequate insurance, medical corpus and trusted care networks for parents can turn anxiety into peace of mind

time to read

4 mins

October 28, 2025

Mint Chennai

Arnault tightens his LVMH control with buying spree

The sustained buying blitz brings Arnault and his family closer to owning half of the high-end brand juggernaut

time to read

2 mins

October 28, 2025

Mint Chennai

Mint Chennai

IFSCA proposes to streamline GIFT City securities via demat

Proposal aims to ensure that securities are held with IFSCA-registered depositories

time to read

1 mins

October 28, 2025

Mint Chennai

CGHS plans smoother drug delivery

The government is set to soon roll out a digital revamp of the Central Government Health Scheme (CGHS) to improve delivery of medicines to its 4.7 million beneficiaries. The initiative aims to address recurring complaints of drug shortages and delays and will bring real-time tracking and accountability to ensure smooth delivery to one of India's largest public healthcare networks, according to two officials and documents reviewed by Mint.

time to read

1 mins

October 28, 2025

Mint Chennai

Mint Chennai

HC quashes I-T order citing use of flawed AI-generated case law

The Bombay High Court has quashed an income tax (IT) assessment ruling, flagging the use of artificial intelligence (AI) in the order and noting that the assessing officer had relied on nonexistent, AI-generated case laws to justify additions to a company’s declared income.

time to read

1 mins

October 28, 2025

Mint Chennai

Mint Chennai

Starlink leases first office in Mumbai's Chandivali suburb

Elon Musk’s satellite internet company, Starlink, has taken its first major step toward establishing operations in India, choosing Mumbai as its hub.

time to read

1 mins

October 28, 2025

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