As far as the timing goes, I think we're arguing a fine point, and I certainly don't argue that 9/11 was a major factor in mainstreaming Isalmophobia.
But I do disagree on some of the other points.
The war on drugs is used to criminalize poor blacks, latinos, and whites, and protect pharmaceutical profits. But it is not used to justify foreign aggression.
Inner city black people () are obviously victims of the economic system, but in a very different way. Islamophobia is used not so much to oppress Muslims in the US, rather to reduce opposition to aggressive foreign policy in Muslim countries.
I did mention migrants as the other major "antagonist" that replaced the Soviets, I think we're talking about the same thing on that one.