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The War Was Supposed to Weaken Iran’s Regime. Instead, It Made It Worse.

by Team Lumida
April 15, 2026
in Macro
Reading Time: 3 mins read
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Iran Tightens Its Grip on Hormuz Despite the Ceasefire — Charging Tolls and Limiting Traffic
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  • Iran’s new supreme leader Mojtaba Khamenei — unseen in public since his appointment, possibly severely injured — heads a leadership circle dominated by Revolutionary Guard hard-liners accused of terrorism, assassinations, and the 1994 Buenos Aires bombing that killed 85
  • Iran’s new national security chief personally killed an American petroleum engineer before the revolution and helped found the Quds Force; his predecessor was considered a pragmatic negotiator by comparison
  • The new IRGC commander is accused of the Buenos Aires attack; Khamenei’s military adviser demands Iran receive war compensation before any deal is possible and says the response will be “a head for an eye”
  • The dominant ideology inside Iran’s new leadership is Mahdism — a doctrine holding that destroying Israel and Iran’s enemies will hasten the return of a Shiite messiah — now central to IRGC recruitment and training

What Happened?

The U.S. and Israel launched the Feb. 28 war partly hoping that killing senior Iranian officials — beginning with Supreme Leader Ali Khamenei — would create space for more moderate or pragmatic leadership to emerge. The opposite has occurred. Mojtaba Khamenei, Ali’s son, rose through the Revolutionary Guard’s most radical factions and has been largely invisible since his appointment — reportedly due to severe injuries. In his absence, Iran is being run by officials including a new national security chief who personally participated in killings before the revolution, an IRGC commander accused of involvement in the 1994 Buenos Aires Jewish center bombing that killed 85 people, and a military adviser who declared Iran’s response will be “a head for an eye.” The Iranian delegation sent to the failed Islamabad talks included figures long known for fierce opposition to Western dialogue.

Why It Matters?

The personnel now running Iran are not pragmatic operators looking for a face-saving exit. Many are genuine believers in Mahdism — an apocalyptic doctrine holding that destroying Israel and defeating Iran’s enemies will hasten the return of a Shiite messiah. This ideology is now woven into IRGC recruitment and training: half of new recruits’ six-month orientation is dedicated to ideological indoctrination. A former Revolutionary Guard member who studied alongside Mojtaba Khamenei says the new supreme leader has described prophetic dreams suggesting he is a figure who heralds the end of times. For U.S. negotiators trying to craft a workable deal on nuclear weapons, Hormuz access, and sanctions relief, these are not interlocutors operating from conventional political calculations. Israeli intelligence veterans who supported the war are already warning it created “a reality worse than what Iranians were facing before.”

What’s Next?

The two-week ceasefire window is the immediate test. Economic devastation from five weeks of bombing creates real pressure on Iran’s leadership to seek some accommodation. But the ideological composition of that leadership makes a comprehensive, durable deal significantly harder than it would have been with the prior generation of Iranian officials. The question now is whether the U.S. can extract a workable agreement from a regime that has grown harder, not softer, under fire — and what happens if it cannot.

Source: The Wall Street Journal

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Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
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