War, succession and the perilous test of two myths about Iran
The Economist
March 1, 2026
AI-Generated Deep Dive Summary
The article explores the decades-long tension between Iran and America, highlighting how both nations have been shaped by competing myths about each other's stability and intentions. Since the 1979 Islamic revolution, Iran has positioned itself as a resilient nation willing to endure external pressures, while the U.S. has often viewed Iran through the lens of an impending collapse or internal change. These conflicting narratives have fueled their complex relationship, with both sides using these perceptions to justify their actions and policies.
The article delves into how these myths have influenced decision-making on both sides. For Iran, framing itself as a victim of American aggression has helped unify its people under a common enemy, reinforcing the regime's legitimacy despite economic sanctions and geopolitical isolation. Meanwhile, the U.S. has consistently underestimated Iran's ability to withstand pressure, investing resources in strategies aimed at regime change while failing to account for Iran's historical endurance.
The piece also examines how these dynamics have broader implications for global business and economics. The ongoing tension between Iran and America affects oil markets, trade relations, and regional stability—a critical factor for businesses operating in or near the Middle East. Additionally, it underscores the importance of understanding geopolitical narratives when analyzing economic trends, as misperceptions can lead to miscalculations with far-reaching consequences.
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Originally published on The Economist on 3/1/2026