The Iran war proves that U.S. economic coercion is weakening

Two months after the United States, along with Israel, launched a war against Iran, that conflict appears far from a lasting resolution. Much commentary on the protracted nature of the conflict has centered on the limits of both the military and diplomatic approaches to the war. But the conflict has also exposed another key reality: the limits of U.S. sanctions. The U.S. has been the world’s preeminent economic and military power for decades, certainly since the end of the Cold War. It is...