-Analysis- From its very inception in 1979, the Islamic Republic of Iran based its foreign policy on hostility toward Israel and the creation of proxy militias in the Middle East. Marked by loud promises to destroy Israel and conquer Jerusalem, this policy has over four decades become a crucial component of its entire regional strategy. For the latest news & views from every corner of the world, Worldcrunch Today is the only truly international newsletter. Sign up here. The regime has spent billions that otherwise could have been invested inside Iran on those militias, notably Hezbollah and Ha…