In the logical world that markets seem to believe will prevail in the Middle East, this war will end - and soon - because there's little realistic prospect of either side winning a decisive victory by restarting the conflict.
Chuck Todd stated, 'This is a disaster. He has screwed up this country and our foreign policy for decades, and we're going to be paying a price for this for a long time.' He highlighted that the repercussions would manifest in various ways, including at the gas pump and in trade relations.
In January 2018, when Donald Trump was in the second year of his first term as US president, Angela Merkel, in her 13th year as German chancellor, gave a gloomy speech at the World Economic Forum in Davos. She opened her remarks with a warning from Europe's past. Politicians had sleep-walked into the first world war. As the number of surviving eyewitnesses to the second world war dwindled, she added, subsequent generations would have to prove they understood the fragility of peace.
Donald Trump has achieved an unlikely redemption: By pursuing a shambolic foreign policy, he has made the bygone days of "regime change" look restrained, strategic, and pragmatic by comparison. Trump campaigned in 2024 saying he would begin "no new wars," eschew "regime change" and "nation building," and generally prioritize domestic policy over foreign affairs. No more Coalition Provisional Authority, as in Iraq. No more extended U.S. military deployments, as in Afghanistan.