When coercion lacks clarity, the weapon turns back on the hand that threw it. One hundred and ten days of American and Israeli bombardment. A relentless naval blockade. The proclaimed objective: to cripple Iran’s nuclear ambition, shatter its missile arsenal, and break the back of the Islamic Republic. And now? A memorandum of understanding. A ceasefire on ‘all fronts’. And the slow, grudging unfreezing of more than $100 billion in Iranian assets—the very financial sinews that sanctions were meant to sever. This is not a victory. This is the sound of strategy unravelling. The numbers tell a damning story. China holds between $20 billion and $50 billion in Iranian funds. Iraq owes roughly $15 billion for electricity and gas. India […]