That, too, will have a lasting impact well beyond anything the war in Iraq did.

Finally, the fact remains that when Bush decided to invade Iraq, Russia and China were still minor global powers. Russian President Vladimir Putin was only just starting his effort to stabilize the economy and rebuild Russia’s military power, while China had just joined the World Trade Organization and was still a decade or more away from becoming an economic superpower. In other words, America’s blunder in Iraq occurred at a time when the strategic consequences for the global balance of power were still manageable.

Trump’s Iran debacle is occurring at a time when China is effectively competing with the U.S. for global power and influence, and Russia is engaged in the largest military action in Europe since the end of World War II.

A woman sifts through the rubble in her house in Tehran, Iran on March 15, 2026 after it was damaged by missile attacks two days before. | Majid Saeedi/Getty Images

Both stand to benefit greatly.

Russia is the short-term winner here. Oil prices are rising, generating more than $150 million per day in extra income for Moscow to feed its war machine. The U.S. is relaxing its sanctions against Russia in a vain attempt to stall prices from ballooning at the pump. All the while, Ukraine is being left to contend with Russia’s missile and drone attacks without the advanced defensive weaponry that’s now being used to protect Israel and the Gulf instead.

China, meanwhile, is watching as the U.S. diverts its military forces from the Indo-Pacific to the Middle East, where they will likely remain for months, if not years. These forces include a carrier strike group, a Terminal High Altitude Area Defense anti-missile system from Korea, and a Marine Expeditionary Force from Japan. And while a disruption in oil and gas supply will be a short-term problem for Beijing too, China’s rapid transition to renewables and close alignment with energy-rich Russia will leave it well placed to confidently confront the future.

Bush and Trump both came to office determined to avoid the mistaken wars of their predecessors. Nevertheless, they both embarked on military adventures fed by a hubristic belief in American power.

But while the U.S. was strong enough — and its adversaries still weak enough — to recoup much of the damage inflicted by Bush’s war, the war unfolding in Iran today will leave behind an America that will have lost much of its global power, standing and influence, destined to confront rising adversaries all on its own.

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