A Multi-Dimensional Strategic Analysis Date: March 12, 2026 Classification: Strategic Analysis / Open Source Nagesh Bhushan Preface Twelve days into one of the most consequential military conflicts of the 21st century, the world watches a war that is being fought — and judged — on far more dimensions than the battlefield alone. The Iran-US-Israel War of 2026 has shattered regional order, disrupted global energy markets, tested the limits of great power alliances, and raised existential questions about the future of nuclear proliferation, international law, and the post-unipolar world order. This article synthesises the military, strategic, economic, political, and geopolitical dimensions of the conflict to answer one central question: who is really winning — and what does “winning” even mean in a war this complex? Part I: The Battlefield — What Has Actually Happened On February 28, 2026, the United States and Israel launched coordinated surprise...