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Gideon Rachman

The Australian Financial Review (AFR) •
October 27, 2026 • 06:30:55 AM
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Neither the US president nor Israel’s prime minister can accept the fact that their military campaign in the Islamic Republic has failed.

Gideon Rachman

Neither the US president nor Israel’s prime minister can accept the fact that their military campaign in the Islamic Republic has failed.

The international community desperately needs far-sighted leadership but the US and Chinese leaders are unlikely to provide it.

Both the Kremlin and the Trump administration are cheering on the rise of the AfD, which won an election for the first time since the defeat of the Nazis.

In the battle over the future of soccer’s governing body, Europeans finally found an issue in which they could stand united, rally global support – and win.

America cannot achieve its aims by negotiation and Iran’s missile strikes will become more intense in coming years. Regime change is back on the agenda.

The downfalls of would-be autocrats in Hungary, Brazil and the Philippines hold lessons for America.

Israel’s leader faces a very difficult choice. Does he call off strikes against Iran and Hezbollah or does he defy the US president and endanger the US alliance?

The war that Donald Trump started could end with Tehran more confident, more hardline and with new resources to rebuild its nuclear program.

The war in the Middle East is currently more likely to escalate than to be resolved by negotiation.

The longer the Strait of Hormuz is closed, the more the economic and political pressure on the US and its allies mounts, strengthening Iran’s negotiating hand.

The Islamic republic aims to set up a toll booth on the Strait of Hormuz. It may succeed.

The single biggest guarantee of Israeli security has been strong bipartisan support in the US. But the government’s actions are draining that support away.

Iran closing the Strait of Hormuz is an immediate crisis and a long-term one. Even if it relaxes its grip in the short term, it can tighten it again in future.

The appointment of Mojtaba Khamenei has dashed the US president’s hope of picking Iran’s new leader.

The killing of Ali Khamenei and key military and political leaders has left the regime reeling. But it does not answer the question of what comes next.

The US president has worryingly developed an appetite for the wars of choice that he once denounced.

The US secretary of state’s speech on the weekend was full of cloying tributes to the Continent, but it’s a false sense of calm and a prelude to crises ahead.

As the president’s behaviour becomes more and more indefensible, from ICE shootings to posting racist memes, a resistance is gathering some steam.

Swapping American dominance of the western hemisphere for Chinese dominance of East Asia would be the deal of the century. For China.

A halt to fighting and hostage release are cause for celebration. But big questions remain about the rest of the US president’s plan.

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