Since the United States and Israel launched their war against Iran on Feb. 28, the Trump administration claims to have all but “obliterated” the Islamic Republic’s military capabilities. But after more than a month of fierce U.S.-Israeli airstrikes, a degraded Iranian military nonetheless remains a stubborn foe. Its steady stream of strikes against Israel and Gulf Arab neighbors are causing regional chaos and an outsized economic shock. President Donald Trump has sought negotiations and threatened a major escalation in hopes of securing Iran’s stockpile of enriched uranium and compelling it to reopen the Strait of Hormuz. Experts say that for Iran to maintain its leverage, it just needs to withstand the conflict long enough to pressure Washington to seek an off-ramp.