Is he doing anything that is hindering Putin? That theory still very much holds. Both Putin and Netanyahu can realistically have kompromat on him, seeing how incredibly brazen and stupid he is.
Do you mean the replacing of the old Khamenei with a younger, more vigorous and extreme Khamenei? Utterly destroying the world economy (as well as the environment, but who cares about that) for what gain specifically? Or do you mean decimating the US allies in Europe and the West?