I'd imagine it's connected to both. Russia and China are the main antagonists to US hegemony, hoping they'll get to be the next empire if they can drive enough of a wedge between western allies and get enough debt colonialism going in SA and Africa.

So yeah, they are fostering crisis, authoritarian sentiment, and spinning anti-democratic narrative wherever they can, but Israel's genocide and complete disregard for things like the ICC/ICJ (the kinds of institutions upon which the post-war rules based order is supposed to rest) has only further degraded US international standing. Biden vetoing UN resolutions and chastising the international courts for investigating Israel does not help.

Biden's whole election schtick was that he was there to reassure the rest of the world after Trump's carastrophic administration, and now he's showing his ass anyway.