Despite the optimism expressed in some quarters, it would be premature to declare that the American and Israeli military campaign against Iran has already stalled or that the crisis will soon be resolved through international mediation. The situation remains volatile, and the resilience of the Iranian state is still being tested. Yet even at this early stage, the conflict is raising deeper questions about the role the US will play in world politics once its latest attempt to restore global dominance runs its course.

The US is not about to disappear from international affairs. Scenarios of American collapse belong to the realm of fantasy. For…

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