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Despite claims the war is failing, Iran is facing massive economic losses, dwindling oil capacity, and a military that’s effectively been neutralized. “It’s not a military problem… the military problem has been solved.” What remains is a political decision about how far to go.
But the bigger story is the ripple effect. From a potential breakdown of OPEC and falling oil prices, to China being deterred and Russia stretched thin, the global balance is already shifting. Even Europe’s response is called into question as the U.S. continues to demonstrate overwhelming strategic leverage.
In his words, “Iran is broke,” and the consequences are already spreading far beyond the region, argues Victor Davis Hanson.
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