FT News Briefing Iran's path forward
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Jun 25, 2025 The U.S. stock market shows surprising stability amid tensions in the Middle East, with a focus on Iran's future. A professor discusses Iran's enduring strategic mindset and how recent events may shift its support for militant groups. The podcast also delves into Iran's adaptation to regional power dynamics and its emphasis on nationalism over ideology. Additionally, Texas explores European carbon pricing models, highlighting local governments' proactive engagement in climate policy amidst diverging federal approaches.
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Market Optimism vs Middle East Reality
- U.S. stock markets rose due to lower oil prices and hopes of Middle East conflict de-escalation.
- However, official statements warn the Israel-Iran conflict is far from over.
Iran's Unchanged Strategic Culture
- Iran's leadership maintains the same strategic culture and assumptions since 1979 despite tactical setbacks.
- Their main threat perception remains the U.S. and Israel, shaping their regional policies.
Shift from Ideology to Nationalism
- Iran's revolutionary ideology no longer resonates with its population.
- The regime is shifting from Islamic ideology to nationalism to regain public support.