As war continues in Iran, Armenia faces refugee flows, rising energy risks and inflationary pressures. At the same time, the election campaign is heating up, with defense and security dominating the debate and opposition parties challenging the ruling government’s record. On Insights, Eric Hacopian examines the regional consequences of the Iran conflict, the Armenian leadership’s politics of fear over the possibility of a new war, and Prime Minister Nikol Pashinyan’s viral confrontation with a woman displaced from Artsakh.

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