The wave of protests is striking the regime at its lowest point. Reform is no longer enough; many Iranians now demand a regime change — will they succeed? Small protests by Tehran’s small-business owners broke out on 28th December, then rapidly spread and intensified across the country over the following days. Initially driven by anger over the rial’s devaluation and soaring inflation, the demonstrations quickly expanded into an openly anti-regime movement, drawing in students as well as

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