America’s loss to Iran has set the stage for fundamental shifts in global geopolitics

One upshot is a world-wide arms race. The signs are already in the numbers: Global sales of conventional weapons are booming. It is also likely that more countries, not just Iran, will seek and attain nuclear weapons, as the Non-Proliferation Treaty, which has so far limited the nuclear club to only nine nations, creeps toward irrelevance. Its recent review conference, which happens twice a decade, was the third to end without a consensus document, a diplomatic signal of failure.