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Economy News

The Economic Times

Economy / The Economic Times

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The risk of the Iran war restarting is irrationally high

The US and Iran are locked in a dangerous standoff, fueled by mutual miscalculations and overconfidence. Ancient Greek concepts of error and pride offer a framework for understanding the irrational risk of renewed war, as both sides overestimate their strengths and underestimate their weaknesses.

5 May 2026 1:26 pm