Iran War: Winners and Losers

By A. K. Abdul Momen
NEW JERSEY, USA, Mar 26 2026 – Who benefits from a war of choice against Iran?

The immediate political winners may include President Donald Trump and Prime Minister Benjamin Netanyahu. But if the war continues for a longer period, the political consequences for both Trump and Netanyahu could be uncertain. However, the most consistent beneficiaries are defense contractors, defense manufacturers and military lobbyists, who profit regardless of the outcome.

A. K. Abdul Momen

The primary losers are the countries of the Middle East and the broader Muslim world. Most importantly, the residents and citizens of Iran, Israel and its neighborhood countries are most directly affected by the relentless bombardment, pounding and missile attacks besides the soldiers of both sides. Millions of them are uprooted from their homes, spend nightmares till the war is over.

Despite vast reserves of oil and gas, the very engines of global prosperity—many nations across the region continue to face instability, poverty, and insecurity. From Palestine to Yemen, and from Iraq to Afghanistan, millions lack basic necessities, including food, safety, and economic opportunity.

In fact, millions of people in Muslims countries like Bahrain, UAE, Qatar, Yemen, Saudi Arabia, Lebanon, Oman, Egypt, Iran, Iraq, Jordan, Pakistan, Afghanistan, Syria, Algeria, Tunisia, Nigeria, Indonesia, Malaysia, Bangladesh, etc have been suffering from war and terror, from food deficiency and safety and security of life and liberty.

No wonder, their wealth often flows outward, with elites investing in more stable, non-Muslim countries rather than building productive industries, infrastructure, or research capacity at home. Their investment, if any, in their home countries or Muslim communities are mostly concentrated in building a mosque, a prayer house or a madrassa for poor students.

They are reluctant to build a hospital, a road, a manufacturing or industrial plant, a bridge, a technical school or a research center. This imbalance contributes to long-term structural weakness.

A critical question emerges: what ensures national security?

Increasingly, it appears that states possessing nuclear weapons and long-range missile capabilities enjoy greater deterrence and stability. The case of North Korea illustrates this paradox.

Despite isolation and adversaries, it maintains regime security through nuclear capability. This raises a troubling implication: does survival in today’s world require nuclear armament? Should their leadership acquire nuclear capability to safeguard their national security and stability?

The consequences of a U.S.-Israel conflict with Iran would extend far beyond the battlefield. Even after hostilities end, the region would likely face prolonged economic damage, weakened infrastructure, and fractured political trust.

Countries such as Saudi Arabia, Qatar, Bahrain, Iraq, Oman, Lebanon and Iran could suffer severe economic disruption and internal instability.

Moreover, the strategic dynamics of such a conflict risk deepening divisions within the Muslim world itself. Military actions and retaliations particularly involving foreign bases in regional states could lead to intra-regional damage, further destabilizing already fragile alliances.

Another question, should leadership allow foreign bases in its home turf to guarantee national security? Or will it welcome more insecurity and conflict? Should leadership deny foreign bases in its own territory? Can they avoid such bases?

In case of Bangladesh, the ousted popular Prime Minister of Bangladesh Sheikh Hasina refused her territory to be used as a military base for a foreign government and it cost her job, her government was overthrown. Can they afford to deny a powerful foreign government?

From a geopolitical perspective, wars of this nature often reshape control over resources and influence. Economic motivations particularly access to energy and mineral resources cannot be overlooked in understanding strategic decision-making.

This leads to a deeper ethical question: do power and victory ultimately outweigh principles such as justice, human rights, and moral leadership? Ethics, human rights, fairness and morality are these the sermons of the weak and priests only? Does Machiavelli sounds right— survival of the fittest?

In fact, the logic often resembles the political realism associated with Niccolò Machiavelli—where success is measured by survival and dominance rather than ethical conduct. Machiavelli describes a sneaky, cunning, and manipulative personality that uses deceit, duplicity, and unethical methods to achieve goals often in politics and business as a success story.

And history tends to remember the victors only. Yet the long-term cost—human suffering, instability, and moral compromise—raises the question of whether victory alone defines true leadership.

Professor Dr. A. K. Abdul Momen is Former Foreign Minister of Bangladesh

IPS UN Bureau

 


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