Viewed separately, the war in Ukraine and the U.S.-Israeli war with Iran seem to belong to distinct geopolitical theaters. This appearance, however, is deceptive. The two conflicts are structurally linked-through common adversaries, shared military resources, and interdependent economic consequences. Analysts are beginning to speak, with increasing insistence, about the possibility of a merger into a single geopolitical field of forces-and about who exactly wins from this fusion.

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