We are definitely not in Kansas, Toto...
Status:
Having torn a scab off a suppurating sore, the US has a problem that it is now dealing with the gangrene following its actions. Multiple actors sit in the wings LMAO-ROFL at the predicament that has arisen, but in the background they all have a vested interest in the outcome,
Team Red
Red-1
Vlad's is the additional instability is in his favour since his best mate decided that it was time to refill Vlad's war chest. Thems' gotta be brilliant kompromat pikkies, has to involve a goat or a stoat or something to justify that, but, nevertheless, Vlad has been handed a lifeline. Well done. Not sure that Ukraine would agree with the tactic.
Red-2
Xi is not too pleased with the squeeze of his strategic reserves which were around 120 days or so. If the punters of China start going onto an enforced diet due to the impending famine conditions that will arise, then Xi's life insurance will probably take a bit of a hike. Taking on Taiwan needs a strategic energy and food reserve, that is not going to be going in the right direction at this time.
Team White
EU
Smart play to stay neutral, until it doesn't work anymore. EU will be hit fairly hard by another energy shock, they weaned off Vlad juice, and there is now a bit of a weanerizing going on with gulf oil. That will hurt, it is only when, not if.
Team Red-White-Blue
Constitutes the USA and those locations where the USA has forward operational bases. And Israel.
Plinking the top dogs of your opponent is either going to win in minutes or result in the next 300 year war. I think we can safely say we are going to get tired of so much winning. Putting the world's economy into the juicer would not have been my pick for ways to earn a Nobel peace prize, but it sure may win the Order of Lenin from Vlad.
Continued whack-a-mole that is not totally debilitating is not likely to get a regime change going, at least, not in Iran, (Suspect that the exits are being lubricated for the convenors of this spectacle). As long as Iran can conduct BAU while interdicting oil shipments to others, there is little prospect for stability. Kharg Island accounts for 90% of all oil exports from Iran, and shutting that down is the fastest way with least casualties to alter the chess board. Boots on the ground would be confronted with the largest concentration of fire power since the Mayor of Hiroshima's bad day out. Iran is in the process of striking gulf states oil infrastructure, and it would appear to be time to declare a DTG for a NOTAM on the opening of the Kharg Island bombing range. The response from China, India, and Russia will be shrill enough that a high bypass filter may be in order, but, it might get some suggestions flowing into whoever is the last man standing in the sausage machine that is Irans line of succession.
Absent debilitating Irans economic capacity, the options A and B remain and one is just not in the nature of the beast, and the other is not going to buff out readily. Putting Irans leaders in a position where they can be removed by the population without the level of murder and mayhem that has occurred on occasions when the populate has risen up would be a good outcome. Right now, reliance on any oil from Iran or the gulf in the near future would seem to be an act of faith.