Berliner Boersenzeitung - Trump's hesitation in Iran

EUR -
AED 4.32145
AFN 75.308617
ALL 95.344815
AMD 432.885163
ANG 2.106168
AOA 1080.216545
ARS 1644.790435
AUD 1.62497
AWG 2.121013
AZN 1.96537
BAM 1.95566
BBD 2.370251
BDT 144.659675
BGN 1.962866
BHD 0.444172
BIF 3503.013705
BMD 1.176706
BND 1.494325
BOB 8.13142
BRL 5.767629
BSD 1.176836
BTN 112.105428
BWP 15.823005
BYN 3.290993
BYR 23063.437841
BZD 2.366861
CAD 1.608133
CDF 2665.23869
CHF 0.916325
CLF 0.026653
CLP 1048.97409
CNY 8.002484
CNH 7.995035
COP 4405.716748
CRC 539.366086
CUC 1.176706
CUP 31.182709
CVE 110.211708
CZK 24.33328
DJF 209.568604
DKK 7.472689
DOP 69.675619
DZD 155.645536
EGP 62.132784
ERN 17.65059
ETB 183.753846
FJD 2.570456
FKP 0.863046
GBP 0.864932
GEL 3.147731
GGP 0.863046
GHS 13.286165
GIP 0.863046
GMD 86.489882
GNF 10326.394586
GTQ 8.981581
GYD 246.144523
HKD 9.212743
HNL 31.292032
HRK 7.533033
HTG 154.022279
HUF 355.96887
IDR 20489.393439
ILS 3.422508
IMP 0.863046
INR 112.08566
IQD 1541.709613
IRR 1543249.935145
ISK 143.805346
JEP 0.863046
JMD 185.658326
JOD 0.834331
JPY 184.89523
KES 151.983825
KGS 102.902841
KHR 4721.66299
KMF 491.863379
KPW 1059.03536
KRW 1733.232385
KWD 0.362296
KYD 0.980738
KZT 545.225718
LAK 25816.376745
LBP 105385.873658
LKR 379.076165
LRD 215.367373
LSL 19.341984
LTL 3.474507
LVL 0.711777
LYD 7.443595
MAD 10.729934
MDL 20.170732
MGA 4892.692362
MKD 61.6406
MMK 2470.52538
MNT 4208.732973
MOP 9.490444
MRU 46.991045
MUR 54.987238
MVR 18.123661
MWK 2040.671689
MXN 20.259042
MYR 4.615631
MZN 75.203378
NAD 19.341984
NGN 1605.721178
NIO 43.308749
NOK 10.829465
NPR 179.367722
NZD 1.978702
OMR 0.452325
PAB 1.176816
PEN 4.043011
PGK 5.111722
PHP 71.930848
PKR 327.840572
PLN 4.239825
PYG 7233.452974
QAR 4.299921
RON 5.210927
RSD 117.376466
RUB 86.961918
RWF 1721.091783
SAR 4.414745
SBD 9.436514
SCR 16.472104
SDG 706.593251
SEK 10.874763
SGD 1.493969
SHP 0.87853
SLE 29.005976
SLL 24674.932214
SOS 672.557712
SRD 44.007618
STD 24355.438695
STN 24.498668
SVC 10.297396
SYP 130.08242
SZL 19.335949
THB 38.147639
TJS 11.015254
TMT 4.118471
TND 3.414478
TOP 2.833226
TRY 53.396924
TTD 7.977498
TWD 36.935979
TZS 3071.203
UAH 51.719148
UGX 4424.721787
USD 1.176706
UYU 46.917313
UZS 14289.162258
VES 587.453968
VND 30976.785774
VUV 139.531196
WST 3.185457
XAF 655.915758
XAG 0.014498
XAU 0.000252
XCD 3.180107
XCG 2.120976
XDR 0.815749
XOF 655.921332
XPF 119.331742
YER 280.791457
ZAR 19.35199
ZMK 10591.767529
ZMW 22.250695
ZWL 378.898856
  • RBGPF

    0.2700

    63.18

    +0.43%

  • CMSC

    0.0000

    23.11

    0%

  • GSK

    0.1100

    50.52

    +0.22%

  • AZN

    1.8400

    184.69

    +1%

  • RELX

    -0.1300

    33.45

    -0.39%

  • NGG

    0.2300

    87.12

    +0.26%

  • BTI

    1.2100

    59.49

    +2.03%

  • VOD

    0.2090

    16.409

    +1.27%

  • CMSD

    -0.0138

    23.5199

    -0.06%

  • BCE

    0.1900

    24.33

    +0.78%

  • RYCEF

    0.1500

    16.52

    +0.91%

  • BP

    0.9300

    44.27

    +2.1%

  • RIO

    2.4700

    107.85

    +2.29%

  • JRI

    0.0453

    13.195

    +0.34%

  • BCC

    -0.1400

    70.53

    -0.2%


Trump's hesitation in Iran




The ongoing mass protests in Iran since the end of December 2025 have plunged the country into one of its most serious crises since the 1979 revolution. Despite a strict internet and telephone blackout, millions of people took to the streets to demonstrate against inflation, corruption and the arbitrariness of the spiritual rulers. Security forces cracked down brutally: according to reports from human rights organisations, thousands of demonstrators were killed, hundreds of bodies piled up in makeshift morgues, and doctors reported overcrowded emergency rooms. In addition, more than ten thousand people were arrested, while the state largely cut off the country from the internet to hide the enormity of its actions. The anger of the population was no longer directed at individual reforms, but at the entire system of the Islamic Republic.

US President Donald Trump, who had already bombed Iranian nuclear facilities in June 2025 and had presented himself as a ‘peacemaker’ during his election campaign, responded to the violence with sharp threats. On social media, he promised help to the demonstrators and threatened the Tehran leadership with consequences if they continued to kill their own people. His words raised high expectations at home and abroad, as many Iranians hoped for international support. At the same time, he raised fears of a renewed escalation in the Middle East.

Reasons for the hesitation
Despite his bellicose tone, Trump has so far shied away from another military strike against Iran. Several factors explain this hesitation:

- Danger of a war spiralling out of control:
The Iranian leadership openly threatened to attack American bases and allies in the Middle East in the event of an attack. If missiles were to strike US bases in Qatar, Saudi Arabia or Kuwait, Washington would have to expect massive retaliation. A limited air strike could quickly escalate into a regional conflagration or a protracted ground operation – scenarios that Trump is wary of due to the risk to American soldiers and the danger of cyber and terrorist attacks on the homeland.

- Economic risks:
A war could block the Persian Gulf and the Strait of Hormuz, through which around a fifth of the world's oil is transported. Experts warn of skyrocketing energy prices and global inflation, which would hit the US economy hard. Trump keeps a close eye on oil prices and has always seen the state of the economy as a measure of his popularity.

- Regional diplomacy:
According to diplomats, neighbouring Arab states such as Saudi Arabia, Qatar, Oman and Egypt urgently asked the US president not to strike. They fear refugee flows, retaliatory attacks and instability. These countries, which host American bases, pointed out that a war against Iran would also jeopardise their security and further destabilise the already unstable region. Trump then signalled that he wanted to give Iran a chance after important channels informed him that the killings had stopped and no executions were planned.

- Domestic political pressure:
Surveys in the US show that the majority of the population rejects new foreign missions. Many of his supporters voted for him because he promised to end ‘endless wars’. A war against Iran could jeopardise his re-election and destroy his image as a supposed peacemaker.

- Lack of strategy:
Experts point out that there is no clear plan for what comes ‘afterwards’. A targeted strike would hardly topple the regime, but rather strengthen nationalist reflexes and make the security apparatus even more brutal. A full-scale war would be extremely costly and politically risky. That is why the US government is currently focusing primarily on sanctions, tariffs and diplomatic channels.

- Advice from within his own camp:
Within the administration, some top politicians are urging restraint. They emphasise that the US is also involved in other conflicts and that another front would tie up resources. Advisers are therefore pushing ahead with talks with Tehran to once again explore a diplomatic solution for the nuclear programme and the future of the country.

The victory of violence?
The question of whether the Islamic leadership has won by taking bloody action against its own population can only be answered provisionally. The protests were crushed with extreme brutality. Thousands of deaths, thousands of injuries and more than ten thousand arrests have brought the movement to a standstill for the time being. Due to the total ban on communication, the tragedy has remained largely hidden from the world, while fear and shock reign in the country. At the same time, these massacres have further widened the deep divide between the government and society. The fact that the leadership regards its own population as its greatest enemy and is prepared to crush any resistance reveals its weakness and the erosion of its legitimacy.

In this situation, the causes of the uprisings – economic hardship, oppression, lack of freedom – have not disappeared. The combined violence of the regime and reprisals has only brought about a short-term victory. Many analysts see the US president's cautious behaviour not as fear, but as political calculation: on the one hand, he does not want to be seen as weak, but on the other, he does not want to risk a war with an uncertain outcome. The Iranian leadership interprets his threats as bluff, but uses them for propaganda purposes to distract from its own crimes.

What happens next?
Whether Trump orders a military strike against Iran depends on many variables: the further course of the protests, the behaviour of the Iranian security authorities, the position of regional actors and the mood in his own country. At present, there are many indications that Washington is relying on economic pressure, cyber operations and targeted sanctions. Open war remains the horror scenario that all parties involved want to avoid, despite their bellicose rhetoric. The mullah leadership may have achieved a temporary victory with its unprecedented violence, but the price is a society that is even more determined to demand freedom. The final chapter of this crisis has therefore not yet been written.