The Trump administration is warning Iran’s Islamist rulers that, after 40 years, their time in power is almost up. But the Iranian government is betting Trump will be gone first.

Even as top Trump officials traveling in Europe this week threatened to hit Iran with more economic sanctions and pressured allies to break with Tehran, there was little indication that the country’s theocratic regime fears it is in mortal peril.

In fact, on the same day the Trump administration hosted a conference in Poland unofficially intended to rally global opposition against Tehran, Iran’s president was meeting his Russian and Turkish counterparts, in part to discuss new international financial mechanisms to evade U.S. sanctions.