During his recent televised speech about Iraq, the president hammered home the point once again that a loss in Iraq is a victory for Al Qaeda. Of that, no realist without a political agenda could argue. What he failed to mention with clarity, however, is that a loss in Iraq is also a victory for Iran — a clear victory at that, and one whose ramifications may extend far beyond those of a victorious Al Qaeda. To be sure, Al Qaeda will have a new “playground” from which to train, prepare, equip and deploy operatives around the globe. They’ll fly...