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Alex Osola
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Luke Vargas
Hey, what's news, listeners? It's Saturday, February 28th. I'm Luke Vargas for the Wall Street Journal, and this is what's NEWS Sunday. Coming to you early this weekend to dig into the big questions. After the US Launched major combat operations against Iran earlier today in coordination with Israel, American strikes have targeted Iran's leadership and its military assets, the prelude to what President Trump hopes is an end to the regime in Tehran. Unsurprisingly, Iran is hitting back, firing missiles and drones at Israel and at US Bases across the Middle East. While it's still early hours, the attacks that various factions in Washington and abroad have either feared or longed to see for decades are risking a wider conflict. Today we'll get the very latest on the US Attacks and Iran's response and look at the likelihood of just such an escalation. We've got a lot to cover, so, so let's get right to it. For weeks now, we have been watching the accumulation of US Military assets in the Middle east, and overnight, the US Military pulled the trigger, using sea and air based platforms to launch strikes across Iran, including the capital, Tehran. Iran's supreme leader was among those targeted, though his condition is currently unknown, as is a lot else at this hour, which is why I want to introduce now a pair of Journal colleagues who are here to help us cut through the fog of war and help prepare for what we report could be days of intensive strikes. On the line from Washington is Journal national security reporter Alex Ward. And from Istanbul, we're joined by Journal Middle east correspondent Jared Malson. Alex, let me start with you, and let's hear from President Trump here, who this morning made the case for these attacks and offered something of a history lesson, really.
Donald Trump
For 47 years, the Iranian regime has chanted death to America and waged an unending campaign of bloodshed and mass murder targeting the United States, our troops, and the innocent people in many, many countries.
Luke Vargas
Alex, so much of the focus on Iran lately has been about its nuclear program, its missile program. These things were the subject of negotiations just a few days ago. How Significant. Is it then that the President here is citing something quite different, invoking all of that history?
Alex Ward
I mean, I think he's just trying to put historical framing on all of this, but that's not what this is about. His main arguments have been that they are pretty close to acquiring a nuclear weapon and that they're pretty close to developing a missile that could hit the United States based on publicly available intelligence and including some statements coming from Democrats now who are seeing that intelligence. Iran, because of the strikes from last year, last June, you know, they might have enriched uranium, but really no ability to turn that into enough fuel for a weapon. The ability to make an intercontinental ballistic missile was probably years away from being done, assuming the Iranians had made that choice. And we should also remember that in January when there were protests in Iran, Trump said he was going to strike to defend the protesters. So there have been a slew of reasons for why Trump said he's going to do this. The history bit just seemed more window dressing than anything else.
Luke Vargas
The President is really seeking a lot here, Jared. In addition to no nuclear weapons, no missile program, we have annihilating the Iranian navy, the President ordering Iranian troops and police to lay down their weapons or face certain death. What's your reaction to all this?
Jared Malson
They are very far reaching aims. He also vowed to raise the Iranian missile program to the ground and strike Iranian nuclear sites. And he also called on Iranians to rise up and overthrow the regime, which is the end goal that he says he wants. That's also the aim articulated this morning by Israeli Prime Minister Benjamin Netanyahu. And it raises a lot of questions now about how the Americans and the Israelis intend to achieve that end state. They are saying that after this military campaign is over, they're going to call on Iranians to actually accomplish that. If they do go out and try to overthrow the regime, ordinary Iranians, that is, they'll be putting their lives at risk.
Luke Vargas
I mean, do we have any early answers, signals we can see from these attacks about how well they line up with those goals?
Jared Malson
From our reporting, we know that the Americans are striking along with the Israelis who have targeted the senior leadership of the regime. We don't know exactly what the outcome of those strikes were. And then of course, we have the list of targets that Trump himself outlined in his video that he released early this morning. Beyond that, we don't really know. We can assume that the administration is looking at the Iranian regime understanding that they are more vulnerable than they've been in year as a result of the war. With Israel last year, the economic crisis in Iran, and of course, the protests themselves inside Iran. That said, there are very few examples in history, really, of any regime falling as a result of an air war. And so it raises questions about what the end game of this is.
Luke Vargas
It seems like a lot of work, safe to say, remains to be done here if the US really does intend to follow through on all those goals the president sketched out. And I want to play another clip of what President Trump said speaking this morning about this major combat operation. He really sought to emphasize patience, endurance is going to be needed here, including potentially comfort with the loss of American
Donald Trump
lives the Iranian regime seeks to kill. The lives of courageous American heroes may be lost and we may have casualties that often happens in war. But we're doing this not for now, we're doing this for the future. And it is a noble mission.
Luke Vargas
Alex, for those listeners, you know, kind of trying to hear parallels between what's playing out today and the operation earlier this year to remove Venezuela's Nicolas Maduro, here's one area where it just seems like the messaging is already very different, preparing people for the potential loss of American lives.
Alex Ward
Yeah, I mean, Venezuela and Iran are very, very different. Those are more sort of one and done or at least lower risk. Oper, there is nothing low risk about this. There'll be days of airstrikes that could put American pilots and of course American troops in the Middle east in harm's way. Who knows if the US Will at some point have ground troops in the form of special operations forces. And that's even before we get to the fact that this could spiral into a broader regional war if not contained. So this is by far the biggest risk by President Trump in either of his terms. And it is likely going to be the defining moment of his presidency, whether it's ends with some sort of toppling of the regime, because that's what he's after, or what could be a mess that doesn't necessarily lead to the toppling of regime or even if it does, a vacuum that could cause chaos. So it's a massive gamble by the president here and it's interesting to hear him talk about the casualties because he's trying to avoid certain pushback because of course, the MAGA movement that he leads, he has promised for many years he would not execute a regime change war. And here we are, okay, trying to
Luke Vargas
borrow some, some excess political capital should it be necessary. But just operationally, what do we know about the extent to which the US can sustain a potentially prolonged military campaign like this.
Alex Ward
So the chairman of the Joint Chiefs of Staff, General Dan Kaine, has advised Trump that it's unlikely that this could go on for weeks. As was sort of initially discussed, it could probably go on for days, maybe a week or two. In terms of munitions, in terms of weapons, the US Has. So the president's going to want to have to achieve his goals in a relatively short amount of time compared to what they were initially signaling.
Luke Vargas
Jared, over to Iran. What have we seen in terms of their response so far?
Jared Malson
Well, the Iranians promised a harsh response and they are delivering to some degree on that response so far with missile strikes, they say, targeting US Bases across the Persian Gulf region and of course also hitting Israel. You've had strikes on bases in the United Arab Emirates, in Qatar and in Saudi Arabia. So across the Gulf region. And for those Gulf countries who, by the way, diplomatically, for weeks now have been pushing behind the scenes very hard to try to deescalate, to try to find a diplomatic off ramp from this crisis because they were worried about precisely this scenario, there's obviously still questions about how long the Iranians themselves can sustain their own response. Their supply of missiles is depleted after the 12 day war with Israel last summer. And their military sites, we presume, are also under attack right now. Nonetheless, it is already a very disruptive event for the region and for the global economy because obviously the Persian Gulf and the Straits of Hormuz being perhaps the world's most important energy shipping lane that's now in the line of fire.
Luke Vargas
That would be kind of their trump card, right? Closing down the Straits, probably activating their network of proxy groups around the Middle east, too, neither of which we've seen yet. But those are cards they conceivably retain.
Jared Malson
Those are cards that they can still play, and we haven't seen that yet, obviously. But even with this initial response, we've already seen that they can inflict damage and they can cause casualties across the region.
Luke Vargas
We've got to take a very short break, but when we come back, we'll look at the political debate breaking out in Washington in response to these US Attacks, as well as how America, America's partners around the Middle east are getting pulled into this conflict and what it could take to trigger regime change in Iran. Stay with us.
Alex Osola
Hi, this is Alex Osola, host of the WSJ's what's News podcast.
Alex Ward
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Alex Osola
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Luke Vargas
Alex, you're there in Washington. I know you were on the phone very early this morning with one senator, an ally of the president. What's the buzz on Capitol Hill? How are these attacks going over with Democrats and Republicans and you know, kind of to the point. We were discussing before the break, how much willingness is there in Washington for the US to get into a sustained military operation here?
Alex Ward
Yeah, I broke my record for an early senator interview by several hours about 4 in the morning. Look, there's kind of three ish factions here. I mean, to oversimplify, two of which are in the Republican Party. So Democrats, you can imagine, are very upset. Right. There's no congressional authorization. They feel that this is a misguided war, that the Trump administration exaggerated the intelligence that they had about what Iran was planning and its current capabilities. Capabilities. They've been pushing for a war powers vote next week, which could take place. But say it even passes, you know, what does it matter at this point? The war has begun. Then within the Republican Party, you've got the establishment types like Senator Graham who's ecstatic that this has happened. He's been pushing for this for a while.
Luke Vargas
He was your early morning interview, was he not?
Alex Ward
That's right, he was my early morning interview. He was. He said it was a dream of his kind of for this to happen. And there are others like Senator Tom Cotton, who leads the Intelligence Committee, you know, Senator Cruz. There are many of Republicans out there who are ecstatic that this is happening. And then you've got the MAGA wing and those are some lawmakers like Thomas Massie from Kentucky, the House member who often tussles with Trump. But then you also have, you know, MAGA figures outside of government like say, Tucker Carlson who told ABC News that he considered this a disgusting quote, unquote attack. So does MAGA split with Trump to a certain extent over this? I mean, MAGA has proved to be pretty sticky in staying with Trump no matter what he does. But that's sort of the political bit. Everyone's watching now.
Luke Vargas
Jared, how does that compare to the reaction to all this from the Gulf states? There's already really been quite a long list of countries who've been pulled into this.
Jared Malson
I think we need to be closely watching the reaction from the Gulf states especially, I cannot stress enough, this bloc of countries along with Egypt and Turkey. So a broad array of US Allies in the region all lobbied the Trump administration not to do this ahead of time. The context in the region is that this is happening in the middle of Ramadan, which is a holy month in Islam. It's a time when practicing Muslims are fasting from sunup to sundown. And it's a time of quiet religious reflection. And, of course, it's a time of a massive religious pilgrimage in which more than a million pilgrims travel to Saudi Arabia to go to Mecca. And now you have a huge disruption where the airspace is closed, no one's able to travel, and that's obviously a huge problem for them. And then in addition to that, they're also under fire from these Iranian missiles that are happening. So it is a huge test of the US Partnership with those countries, who also, as a group, decided to disallow the US from using their bases to launch strikes on Iran. And that decision is also going to be tested in the coming days.
Luke Vargas
I want to return to Iran. Jared, earlier you had sort of mentioned the role that the US Envisions for protesters there, sort of picking. Picking up and delivering the fatal blow of this operation, which would be a change in Iran's leadership. Let's hear a clip of President Trump on that point.
Donald Trump
When we are finished, take over your government, it will be yours to take. This will be probably your only chance. For generations, for many years, you have asked for America's help, but you never got it. No president was willing to do what I am willing to do tonight. Now you have a president who is giving you what you want. So let's see how you respond.
Luke Vargas
Have we seen people hitting the streets in Iran, Jared, and what should we be watching for there in the days, weeks to come?
Jared Malson
I think it's too soon to say that we're seeing any kind of significant protests. We haven't seen that yet. But it would be one thing to watch for once the military operation is over. My guess is that a lot of Iranians are concerned right now about their own safety.
Luke Vargas
And, Alex, crucially, there hasn't been a leadership vacuum yet. I mean, there may have been attacks trying to target members of the Iranian leadership, but from what we've been able to determine, no one's been killed. There isn't any openings to be filled,
Alex Ward
not that I've seen confirmed yet by the US Or Israel. That could change in the coming minutes, hours, days. So if that were to change, you know, say the Supreme Leader, Ali Khamenei is killed, I mean, is there a clear successor? I haven't heard of one, but Even if someone somehow takes up the mantle, say it's a member of the Islamic Revolutionary Guard Corps. Right. They could be more hardline. They'll probably have to use violence to keep the people in line who'd be protesting against them taking over. I mean, this seems somewhat callous to say, but, like, we're currently in the easy part of this, right? America and Israel air striking all over Iran is actually not that hard. It's dangerous and it is difficult, but it's much easier compared to not only just killing the leader, but then somehow forming a legitimate government that the people support. And even if Trump's idea is you, the Iranians, go out and do it, there's going to be a lot of pressure on the US to come and help them if they find themselves in trouble.
Luke Vargas
Jared, how realistic is all of this? I see Iran's foreign minister has now come out and called the prospect of regime change mission impossible.
Jared Malson
Yeah, I would just say that what's fascinating about that question is that senior members of the administration themselves have also pointed to this question. Marco Rubio himself, in his testimony to the Senate in January, said that because the regime is structured in a way that's so complex, with multiple centers of power, he said, and I'm quoting, I don't think anyone can give you a simple answer as to what happens next in Iran if the supreme Leader and the regime were to fall. And now we're in a moment where Trump has called for regime change. He and his administration have not outlined a plan for what comes after. We do know that the regime probably can survive a few days of bombing it did last summer. And what comes next is extremely uncertain.
Luke Vargas
I've been speaking to Wall Street Journal Middle east correspondent Jared Malson in Istanbul and national security reporter Alex Ward in Washington. Jared. Alex, thank you both so much.
Jared Malson
Thank you.
Alex Ward
Yeah, thanks for having me.
Luke Vargas
And that's it for this special episode of what's New Sunday. Today's show was produced by Pierre Bienime with supervising producer Sandra Kilhoff and deputy editor Chris Sinsley. I'm Luke Vargas for the Wall Street Journal. We'll be back on your feet again on Monday morning. Until then, thanks for listening.
Alex Ward
Hey, this is Telus Demos and I'm Miriam Gottfried. We're reporters at the Wall Street Journal
Luke Vargas
and the hosts of WSJ's Take Week. It's a weekly show that gives listeners a leg up in the world of markets and investing.
Alex Ward
From the Fed's moves to market bubbles, we dive into the biggest deals, key players, and business news ahead if you're looking for more news and tools that you can use to help navigate the markets, consider becoming a subscriber to the Wall street journal.
Luke Vargas
Visit subscribe.WSJ.com Take on the Week to subscribe now.
Date: February 28, 2026
Host: Luke Vargas
Guests: Alex Ward (WSJ National Security), Jared Malson (WSJ Middle East Correspondent)
Main Theme:
A rapid-response, expert roundtable on the sudden launch of major US-Israeli combat operations against Iran. The episode unpacks President Trump’s justifications, strategic aims, Iran’s military and political response, the broader implications for the Middle East, and the uncertain prospects for achieving regime change in Tehran.
The Wall Street Journal’s "What’s News" delivers a timely deep dive into the dramatic escalation between the US/Israel and Iran. Hours after American forces, in coordination with Israel, attacked key Iranian targets (including in Tehran), Luke Vargas is joined by two top WSJ reporters to break down:
[00:32–02:37]
Overnight, the US and Israel launched wide-ranging strikes on Iran, targeting military assets and reportedly even Iran’s Supreme Leader.
President Trump framed the strikes as a culmination of decades of Iranian hostility.
“For 47 years, the Iranian regime has chanted death to America and waged an unending campaign of bloodshed and mass murder…”
— Donald Trump [02:21]
[02:37–04:55]
Historical Framing vs. Immediate Motivations:
Alex Ward points out Trump is using historical rhetoric as "window dressing" and that the real drivers are nuclear and missile program concerns, as well as recent domestic and regional instability in Iran.
“His main arguments have been that they are pretty close to acquiring a nuclear weapon and... a missile that could hit the United States, based on publicly available intelligence… The history bit just seemed more window dressing than anything else.”
— Alex Ward [02:50]
Far-Reaching US and Israeli Goals:
Per Jared Malson, objectives include eliminating Iran’s nuclear and missile programs and encouraging regime overthrow, but “there are very few examples in history... of any regime falling as a result of an air war.”
— Jared Malson [04:55]
[05:49–08:27]
Trump readies the public for loss of American life in what he calls a “noble mission,” a messaging shift compared to past interventions.
“...The lives of courageous American heroes may be lost and we may have casualties that often happens in war. But we're doing this not for now, we're doing this for the future. And it is a noble mission.”
— Donald Trump [06:12]
Risk of Wider War:
Ward underscores this is “by far the biggest risk by President Trump in either of his terms... likely going to be the defining moment of his presidency...”
— Alex Ward [06:48]
Sustainability of the Campaign:
Advice from the Chairman of the Joint Chiefs is that operations can only sustain for “days, maybe a week or two,” not weeks or longer.
— Alex Ward [08:03]
[08:27–10:09]
[10:59–12:45]
Washington Divided:
Democrats: Outraged, cite lack of congressional authorization and possible intelligence manipulation.
Republican establishment: Jubilant—Senators Graham, Cotton, Cruz ecstatic.
MAGA movement: Mixed, with some (Thomas Massie, Tucker Carlson) critical.
“He [Lindsey Graham] said it was a dream of his for this to happen… [while] MAGA figures outside government like… Tucker Carlson… considered this a disgusting attack.”
— Alex Ward [12:05]
Gulf States and Regional Allies:
Countries like UAE, Qatar, Saudi Arabia, Egypt, Turkey actively lobbied the US not to attack and are now facing severe disruptions—airspace closures during Ramadan, religious pilgrimage interruptions, and being under fire themselves.
“It is a huge test of the US Partnership with those countries, who also, as a group, decided to disallow the US from using their bases to launch strikes on Iran.”
— Jared Malson [13:38]
[14:06–17:17]
Trump urges Iranians to “take over your government,” promising support. — Donald Trump [14:19]
No significant protests reported yet; average Iranians likely preoccupied with safety.
No confirmed leadership casualties in Iran; no power vacuum so far. — Alex Ward [15:24]
US policymakers admit to uncertainty about the regime’s collapse or what would follow; no clear US plan for the aftermath.
“What comes next is extremely uncertain.”
— Jared Malson [17:17]
On goals of the operation:
“He (Trump) also called on Iranians to rise up and overthrow the regime... that's the end goal that he says he wants.”
— Jared Malson [04:00]
On feasibility of regime change:
“There are very few examples in history, really, of any regime falling as a result of an air war...”
— Jared Malson [04:55]
On the gamble:
“This is by far the biggest risk by President Trump in either of his terms. And it is likely going to be the defining moment of his presidency...”
— Alex Ward [06:48]
On public patience:
"We're doing this not for now, we're doing this for the future. And it is a noble mission."
— Donald Trump [06:12]
On uncertain aftermath:
“Even if someone somehow takes up the mantle... they’ll probably have to use violence to keep the people in line who’d be protesting against them taking over... we’re currently in the easy part of this... forming a legitimate government that the people support—that’s the hard part.”
— Alex Ward [15:24]
On unpredictability:
“I don't think anyone can give you a simple answer as to what happens next in Iran if the supreme Leader and the regime were to fall. And now ... [Trump] and his administration have not outlined a plan for what comes after.”
— Jared Malson [16:27]
This urgent episode underscores the precariousness and potential unpredictability of the US attack on Iran. While Trump sets ambitious goals—destroying Iran’s nuclear and missile programs, rolling back the regime, and spurring opposition on the ground—WSJ experts stress the daunting historical, military, and political obstacles. Gulf allies face collateral chaos, leading US politicians split along complex and sometimes surprising lines.
In sum, whether the strikes will end the Tehran regime—or further destabilize the region and reshape US foreign policy—remains, as host Luke Vargas puts it, in the “fog of war.” What is certain: no "easy" victories are on the horizon, and the world’s focus will remain fixed on the next unpredictable moves.