NY Times -- The War Is Going Better Than You Think

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The War Is Going Better Than You Think
By Bret Stephens
March 24, 2026

Most Americans probably don’t look back at March 2012 — if they remember it at all — and think of terrifyingly high gas prices. In the month when “The Hunger Games” ruled the box office and President Barack Obama was on his way to a comfortable re-election, the price of Brent crude closed the month around $123 a barrel. That would be about $175 a barrel in today’s dollars.

As of Tuesday, despite Iran’s effective closure of the Strait of Hormuz and its attacks on its neighbors’ energy facilities, it’s hovering around $100, slightly higher than the average inflation-adjusted price since January 2001, roughly $95.

That ought to provide some perspective on the panic over the war in the Middle East. To hear the critics’ version of events, an unprovoked and unnecessary attack on Iran, launched at Israel’s behest, is already a foreign-policy fiasco that has put the global economy at risk without any clear objective or endgame. As Senator Chris Murphy, a Connecticut Democrat, told NBC’s Kristen Welker over the weekend, “We’ve never seen this level of incompetence in war-making in this country’s history.”
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Still, if past generations could see how well this war has gone compared with the ones they were compelled to fight at a frightening cost, they would marvel at their posterity’s comparative good fortune. They would marvel, too, at our inability to appreciate the advantages we now possess.

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