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President Donald Trump stood in front of regional leaders during a visit to the Middle East in May and declared a new era of US foreign policy in the region, one that is not guided by trying to reshape it or change its governing systems.

“In the end, the so-called nation-builders wrecked far more nations than they built, and the interventionists were intervening in complex societies that they did not even understand themselves,” the US president said in rebuke of his hawkish predecessors.

Less than a year later, Trump ordered an all-out assault on Iran with the stated goal of bringing “freedom” to the country, borrowing language from the playbook of interventionist neoconservatives, like former President George W Bush, whom he spent his political career criticising.

Analysts say the war with Iran does not fit with Trump’s stated political ideology, policy goals or campaign promises.

Instead, several Iran experts told Al Jazeera that Trump is waging a war, together with Israel, that only benefits Israel and its prime minister, Benjamin Netanyahu.

“This is, once again, a war of choice launched by the US with [a] push from Israel,” said Negar Mortazavi, a senior fellow at the Center for International Policy in Washington, DC.

“This is another Israeli war that the US is launching. Israel has pushed the US to attack Iran for two decades, and they finally got it.”

Mortazavi highlighted Trump’s criticism of his predecessors, who had waged regime-change wars in the region.

“It is ironic, because this is a president who called himself the ‘president of peace‘,” she told Al Jazeera.

History of warnings of the Iranian ‘threat’

Netanyahu, who promoted the 2003 US invasion of Iraq, has been warning for more than two decades that Iran is on the cusp of acquiring nuclear weapons.

Iran denies seeking a nuclear bomb, and even Trump administration officials have acknowledged that Washington has no evidence that Tehran is weaponising its uranium enrichment programme.

After the US bombed Iran’s main enrichment facilities in the 12-day war in June last year – an attack that Trump says “obliterated” the country’s nuclear programme – Netanyahu pivoted to a new supposed Iranian threat: Tehran’s ballistic missiles.

“Iran can blackmail any American city,” Netanyahu told pro-Israel podcaster Ben Shapiro in October.

“People don’t believe it. Iran is developing intercontinental missiles with a range of 8,000km [5,000 miles], add another 3,000 [1,800 miles], and they can get to the East Coast of the US.”

Trump repeated that claim, which Tehran has vehemently denied and has not been backed by any public evidence or testing, in his State of the Union address earlier this week.

“They’ve already developed missiles that can threaten Europe and our bases overseas, and they’re working to build missiles that will soon reach the United States of America,” he said of the Iranians.

Trump has been building the case for a wider war with Iran since the June conflict, repeatedly threatening to bomb the country again.

But the US president’s own National Security Strategy last year called for de-prioritising the Middle East in Washington’s foreign policy and focusing on the Western Hemisphere.

Meanwhile, the US public, wary of global conflict after the wars in Iraq and Afghanistan, has also been largely opposed to new strikes against Iran, public opinion polls show.

Only 21 percent of respondents in a recent University of Maryland survey said they favoured a war with Iran.

The first day of the war saw Iran fire missiles against bases and cities that host US troops and assets across the Middle East in retaliation for the joint US-Israeli strikes, plunging the region into chaos.

Trump acknowledged that US troops may suffer casualties in the conflict. “That often happens in war,” he said on Saturday. “But we’re doing this not for now. We’re doing this for the future. And it is a noble mission.”

‘Ignoring the vast majority of Americans’

The Trump administration had appeared to step back from the brink of conflict earlier this month by engaging in diplomacy with Tehran.

US and Iranian negotiators held three rounds of talks over the past week, with Tehran stressing that it is willing to agree to rigorous inspections of its nuclear programme.

Omani mediators and Iranian officials had described the last round of negotiations, which took place on Thursday, as positive, saying that it yielded significant progress.

The June 2025 war, initiated by Israel without provocation, also came in the middle of US-Iran talks.

“Netanyahu’s agenda has always been to prevent a diplomatic solution, and he feared Trump was actually serious about getting a deal, so the start of this war in the middle of negotiations is a success for him, just like it was last June,” Jamal Abdi, the president of the National Iranian American Council (NIAC), told Al Jazeera.

“Trump’s embrace of regime change rhetoric is a further victory for Netanyahu, and loss for the American people, as it suggests the US may be committed to a long and unpredictable military boondoggle.”

While announcing the strikes on Saturday, Trump said his aim is to prevent Iran from “threatening America and our core national security interests”.

But US critics, including some proponents of Trump’s “America first” movement, have argued that Iran – more than 10,000km (6,000 miles) away – does not pose a threat to the US.

Earlier this month, US Ambassador to Israel Mike Huckabee told conservative commentator Tucker Carlson that “if it were not for Iran, there wouldn’t be Hezbollah; we wouldn’t have the problem on the border with Lebanon”.

Carlson said, “What problem on the border with Lebanon? I’m an American. I’m not having any problems on the border with Lebanon right now. I live in Maine.”

On Saturday, Congresswoman Rashida Tlaib stressed that the US public does not want war with Iran.

“Trump is acting on the violent fantasies of the American political elite and the Israeli apartheid government, ignoring the vast majority of Americans who say loud and clear: No More Wars,” Tlaib said in a statement.

SEOUL, Feb. 20 (UPI) — South Korea’s benchmark KOSPI index continues to set records, driven by strong corporate performances, including semiconductor giants Samsung Electronics and SK hynix.

The index more than doubled over the past year to surpass 5,800 points Friday. Also fueling the bullish rally are Mirae Asset Securities and SK Telecom, which have invested in promising U.S. firms expected to list in the near future.

The share price of Mirae Asset Securities, South Korea’s leading brokerage house, more than tripled this year, buoyed by strong earnings. It reported $1.1 billion in net profit for 2025, up 72% from a year earlier.

In addition, observers point out the company’s investment in SpaceX, which is expected to go public this summer with a market capitalization of around $1.25 trillion, has also underpinned its stock.

In 2022 and 2023, Mirae Asset Group reportedly channeled $278 million into SpaceX, and roughly half of that came from Mirae Asset Securities, although It does not confirm the detailed figures. A listing could deliver significant windfalls for the brokerage.

Yuanta Securities analyst Woo Do-hung said that Mirae Asset Securities is likely to remain strong through SpaceX’s IPO.

SpaceX is the world’s top private aerospace manufacturer, while xAI is an artificial intelligence startup founded by Elon Musk. Earlier this month, the former acquired the latter in an all-stock deal.

“Following its merger with xAI, SpaceX’s current valuation is estimated at around $1 trillion,” Woo said in a report, expecting the figure to rise to as much as $1.5 trillion after listing, further supporting Mirae Asset Securities on the Seoul bourse.

Reflecting confidence in its long-term upside potential, Mirae Asset Securities also plans to keep holding stakes in innovative companies like SpaceX before they go public.

“We are not yet considering an exit strategy, as our investments in innovative companies remain unlisted,” CFO Lee Kang-hyuk told a conference call earlier this month.

“We aim to pursue exits at the most optimal timing and then reinvest the recovered funds into high-growth assets or use them for M&A, thus establishing a stable virtuous cycle,” he added.

Another beneficiary in the Korean stock market is SK Telecom, the country’s largest mobile carrier, which made a strategic equity investment of $100 million in Anthropic in mid-2023 through its venture arm.

Known for its Claude family of artificial intelligence models, Anthropic is also projected to go public in the coming years.

With its valuation estimated at about $380 billion, the value of SK Telecom’s stake has jumped several-fold to more than $2 billion, or nearly 20% of the company’s market capitalization.

The successful investment has bolstered its share price, which surged over 50% this year.

“The value of SK Telecom’s stake in Anthropic is estimated at around $2.1 billion,” Korea Investment & Securities analyst Kim Jeong-chan said in a report. “It has lifted SK Telecom’s valuation.”

He expected that AI-related revenue, including AI data centers and AI transformation, could put the firm on track to approach $1.4 billion in 2026 operating profit from $740 million last year.

Against this backdrop, industry watchers note that an increasing number of Korean corporations are likely to pursue long-term investments in promising startups from the advanced markets.

“As predicting the future has become increasingly difficult, companies are more often building portfolios of smaller investments rather than making large bets on a handful of prominent firms,” economic commentator Kim Kyeong-joon, formerly vice chairman at Deloitte Consulting Korea, told UPI.

“In the past, they might have made major investments in around five companies, but now it’s common to spread smaller investments across 30 firms. Even if only a few succeed, that is considered a success,” he said.

Kim noted that such a trend would accelerate across the country’s corporations with the advent of the AI era, when the future becomes even more challenging.