The opening phase of the joint US-Israel campaign against Iran’s leadership has been, by any military measure, spectacular. In a matter of hours, the upper spine of the Islamic Republic was shattered. The supreme leader is dead. Scores of senior military, Revolutionary Guard, and political leaders are gone. The defense establishment has been gutted. Israeli aircraft again operate over Iranian skies with near impunity. Washington and Jerusalem have demonstrated not only capability but coordination.

But the regime – decapitated though it may be – continues to fire back. Missiles still strike toward Israel, where 10 people were killed this weekend. Drones still target US allies and bases in the Gulf. Tehran is signaling that it will not collapse simply because its most senior figures have been eliminated. It now looks like it has dragged Hezbollah and, therefore, poor Lebanon into the fray

Indeed, the Islamic Republic was built precisely to survive the loss of individuals. It is a system, not merely a personality cult. With 90 million citizens, deep ideological infrastructure, layered security organs, and a ruthless willingness to massacre challengers, it can regenerate leadership cadres, even if they are less experienced and more brittle than their predecessors.

So what happens now? 

The range of possible outcomes is very wide.

At one extreme lies the ideal scenario: The regime fractures, the Islamic Revolutionary Guard Corps wavers, and the army refuses to suppress mass protests. A transitional authority emerges that seeks reintegration with the West, signs peace agreements with Israel and others, abandons nuclear ambitions, ends ballistic missile expansion, and cuts ties with proxy militias such as Hezbollah and Hamas. Iran reorients itself as a normal regional power – no longer exporting revolution, no longer menacing its neighbors, no longer underwriting destabilizing militias.

Debris lies at the site of a fatal Iranian missile strike, amid the US-Israel conflict with Iran, in Beit Shemesh, Israel, March 2, 2026.
Debris lies at the site of a fatal Iranian missile strike, amid the US-Israel conflict with Iran, in Beit Shemesh, Israel, March 2, 2026. (credit: REUTERS/AMIR COHEN)

It is not impossible. History offers moments when authoritarian systems collapsed quickly once fear shifted sides. The fall of the Soviet Union was one such case: The collapse was total, and the reorientation stunning, internally and externally (until Vladimir Putin came along in Russia, badly shifting the narrative).

One way to bring this about is for Israel and the United States to declare with clarity that they control the skies over Iran – which, by Sunday, appeared to be the case – and to call for a revolution openly. Stranger things may have happened, but I am not sure I remember. Yet these are strange times.

At the other extreme lies the nightmare: The regime doubles down, absorbs losses, promotes harder men, and frames survival itself as victory – no matter the cost. It continues missile and drone attacks, broadens the theater, and counts on ideological zeal to outlast Western political attention spans (and US President Donald Trump’s patience for politically unhelpful entanglements of dubious legality).

The war drags on for weeks or months. Civilian casualties mount across the region. Energy markets convulse. The United States, initially seeking decisive coercion, finds itself pulled into a grinding and open-ended confrontation. No meaningful internal rebellion materializes. The security apparatus holds. The Middle East edges toward general conflagration.

That too is possible – but unlikely.

The most plausible path lies somewhere in between.

The Islamic Republic’s hardliners have an overriding incentive: survival. The system is designed to endure the departure – even violent removal – of individual leaders. It has historically shown tactical flexibility when cornered. At critical junctures, it has elevated so-called moderates, softened rhetoric, or adjusted policy without relinquishing ultimate ideological control.

That, indeed, is why the now-departed Ayatollah Ali Khamenei agreed to pause the nuclear weapons program in favor of a deal with then-US president Barack Obama and other Western powers in 2015.

This may be another such moment

One should assume that Tehran’s strategy now includes waiting out Trump. It just might work because already, Washington and Jerusalem can plausibly claim enormous success: the destruction of the majority of senior leadership, degradation of missile systems, reassertion of air dominance, and the precedent of overt US-Israeli joint action that the region has – at least for now – absorbed.

It is fair to say that there are few, if any, precedents in modern history for what we have seen this weekend. From Trump’s perspective, there is a conceivable off-ramp.

He could declare that the elimination of Iran’s top leadership constitutes a form of regime change in itself. Its most defiant architects are gone. If Tehran signals interest in renewed talks, Washington may test whether the shock has produced flexibility.

It is difficult to imagine Iran conceding everything – abandoning all significant uranium enrichment, dismantling ballistic missile capabilities, and terminating support for its regional proxies in one stroke. More likely, Iranian negotiators would probe for partial relief, incremental concessions, and room to maneuver – testing whether the US president can be engaged, flattered, or divided from Israel.

But for Trump, the calculus is relatively low-cost. If negotiations stall or Tehran reverts to defiance, military pressure can resume. The infrastructure for renewed strikes would already be in place. He can afford to see whether Iran has “learned the lesson.”

For Israel, too, a halt now would constitute a strategic watershed. Not only did it manifest an unbelievable scale of penetration into Iran’s leadership and command structure, but it again dominated Iran’s skies, dismantled key military assets, and – critically – normalized overt joint warfare with the United States. It is no exaggeration to assert that all of this reshapes deterrence across the region.

The message is unmistakable: The alliance can reach anywhere, and the world will not intervene to stop it. Despite criticism here and there, it was clear that much of Europe and the Arab world is relieved to have Khamenei gone. This, even though the protagonists are the problematic Trump and Netanyahu, and even though there was no green light from the US National Security Council or even Congress.

What about Iran, then?

A chastened regime may calculate that mere survival is sufficient, enabling it to claim victory by enduring. It may attempt to portray the loss of senior figures as martyrdom while emphasizing that the state still stands. It’s nonsense, of course, but that, certainly, is not without precedent. They, for the new-old regime, will be presenting the outcome domestically as proof that resistance is futile.

The cynical, utilitarian Trump might not care. There is an analogy to the abduction of Venezuela’s Nicolás Maduro in the fall, which resulted not just in the restoration of democracy but in the domestication of the Chavista mafia, with Trump as the capo di tutti capi (boss of all bosses).

Much, though, depends on the Iranian public. If mass protests erupt now, Trump will struggle to abandon them. He surely knows that bringing down the Islamic Republic, if it’s really there for the taking, is his one chance for a level of historical impact that he could brag about without looking ridiculous.

The writer is the former Cairo-based Middle East editor and London-based Europe/Africa editor of the Associated Press, former chairman of the Foreign Press Association in Jerusalem, and the author of two books. Follow him at danperry.substack.com.