Tehran is targeting the soft underbelly of the U.S.-Israeli campaign—the oil sector and vulnerable Middle Eastern states—but allied officials can counter this strategy by taking concerted steps to bolster their regional partners, stabilize oil markets, and suppress the regime’s military capabilities. Two strategies are currently competing in the Iran war. …

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Germany is among countries which have rejected demands by President Donald Trump for help to stop Iran blocking the Strait of Hormuz. Trump told the FT that it would be “very bad” for the future of NATO if members did not help get the critical waterway open and that he …