Welcome to The Adversarial. Every other week, we’ll provide you with expert analysis on America’s greatest challengers: China, Russia, Iran, North Korea, and jihadists. Read more below.***IranAs the war with Iran extends into a second month, the White House is publicly bullish on both its military achievements and diplomatic prospects. The former are considerable, though not definitive. While the Iranian regime’s instruments of hard power have been degraded, it remains capable of striking Israel and Gulf allies, and its threats to shipping through the Strait of Hormuz are putting a significant strain on the global economy. Meanwhile, there seems little to The post The Global Ripple Effect of the War in Iran appeared first on War on the Rocks .