Can Tehran still massively finance its terror proxies?

Prof. Kobi Michael: The regime’s ability to transfer currency will be heavily shaped by the conditions that end the conflict.

If there were an agreement that included lifting sanctions, and assistance for Iran’s economic rehabilitation, the regime would find a way to continue transferring money to its proxies, even if in lesser amounts.

Conversely, if the war ultimately ended with the “opening of the gates of hell,” according to U.S. President Donald Trump’s assertions, it is hard to see a situation where the beaten and battered Iranian regime would manage to significantly fund its proxies.

Published in JNS, April 10, 2026.

*The opinions expressed in Misgav publications are the authors’ alone.