Wars are rarely confined to the battlefields where they erupt. Their shockwaves ripple outward, reshaping economies, societies and the narratives nations tell about themselves. The war in Iran has been no exception. It has left behind not only a devastated country but also a region forced to confront the fragility of its prosperity and the precariousness of its stability. What will emerge from this conflict is not simply a wounded Iran, but a Gulf stripped of its long-cherished image as a safe haven for capital, entrepreneurship, and migrants — and a broader region, including India, in peril.

All reports indicate that Iran today is a country physically broken. The war has reduced once-thriving cities to rubble, obliterated industrial zones, and crippled vital infrastructure. Power grids flicker unreliably, refineries lie in ruins, and transport networks are severed. The destruction is not limited to the material; it extends to the very architecture of governance. The decapitation of Iran’s leadership has left ministries paralysed, security forces fragmented, and the chain of command in disarray. Assets painstakingly built over decades — military stockpiles, oil terminals, cultural institutions — have been degraded or destroyed. What remains is a nation gutted, its capacity to govern and protect itself gravely diminished.