None of This Is Going Putin’s Way
April 18, 2026 Credit... Hector Retamal/Agence France-Presse — Getty Images By Serge Schmeman Mr. Schmemann, an Opinion writer, is a former Moscow bureau chief of The Times. The Iran war has been an economic windfall for Russia, pushing oil prices sky-high and loosening sanctions. But if the Russian economy is having a brief respite, the battering of Iran by the United States and Israel marks yet another in a series of recent blows to the great-power role President Vladimir Putin so cherishes. Iran has been Russia’s closest partner in the Middle East, supplying Moscow with drones for use in Ukraine and a critical route to evade sanctions over its war there. The large-scale damage to Iran’s economy and military comes on the heels of the capture of the Kremlin’s South American ally Nicolás Maduro in an American raid on Venezuela in January. Before that, the Kremlin was unable to prevent the fall of another comrade-dictator when Bashar al-Assad was toppled in Syria (and subsequentl...