A really insightful deep dive into where the Iranian regime stands now, especially the Ayatollah. But there's one line in the article that is up on the terminal this morning that really caught my attention. Khamenei, the chief architect of the Islamic Republic, has rarely, if ever, appeared as vulnerable.Expound on that for us. Yeah, that's right. I mean, in the course of that 12 day war, the authority of the regime and specifically its leadership, as you say, has spent all this time over the years since th ...

Regime Vulnerability & Potential Collapse - The Islamic Republic is potentially at its weakest point after 46 years of rule [1] - Recent Israeli attacks have significantly weakened the regime operationally, strategically, and psychologically [1] - The regime lacks domestic support, with leaked internal polls suggesting 70% of the country doesn't support it [6] - The regime's traditional religious and lower economic class base no longer supports it due to economic pressures [6] - The regime is more vulnerable than ever and could very easily collapse [15] Political Alternatives & Transition - There's significant sympathy and support for the pre-revolutionary system [10] - Reza Pahlavi, the Shah's eldest son, is seen as a potential alternative, willing to be a transitional leader [11][12] - Pahlavi aims to secure a peaceful transition and lead the country to democratic elections [12] Geopolitical Implications & Investment Considerations - If the regime survives, it's likely to pursue nuclear weapons, potentially expediting the process [13][15] - Western policymakers and investors should consider what a different Iran might look like [16] - The current regime's aim is to buy time and get sanctions relief due to the crushed economy [16]