When Will Energy Markets Recover From the Iran War?
Two and a half months into the blockade of the Strait of Hormuz, what lessons can markets draw from the resulting global energy shock? Colby Connelly, MEI Senior Fellow, joins hosts Alistair Taylor and Matthew Czekaj to assess the crisis’s impact on the energy industry. Together, they examine how producers are responding to the conflict in both the short and long term, how this moment differs from past energy disruptions, and how regional reverberations may shape international energy policies going forward.
The Pakistani General Running Washington’s Backchannel to Tehran
As Washington and Tehran edge closer to escalation, the most critical line of communication keeping the crisis from spiraling is being run not by polished diplomats, but by an unlikely figure: a Pakistani general. Field Marshal Asim Munir, Pakistan’s powerful army chief, has quietly become the key intermediary in the U.S.-Iran standoff, managing what may be the most important backchannel between the two sides. The mediation has thrust Pakistan to the center of the crisis while exposing it to enormous risk.
Trump Planned for Pressure on Iran, but Not the Global and Domestic Blowback
The limelight for American foreign policy shifts to Beijing this month, where US President Donald Trump and Chinese President Xi Jinping will meet on May 14-15 to address a long list of unresolved issues. But the Iran war and still unfolding geo-economic calamity resulting from it cast a long shadow. One thing to watch for is whether China or the US feels like it has a stronger hand in light of recent events in the Middle East.
Why Iran’s Oil Pain Does Not Guarantee Capitulation
President Donald Trump now appears to share a view gaining traction in some policy circles: that sustained pressure on Iran’s oil sector could inflict lasting damage on its production and eventually force Tehran to compromise. The thesis is appealingly simple, yet dangerously incomplete.
In the Trump administration’s diplomatic track with Tehran, one crucial variable is missing: steady US engagement with its Arab partners, particularly in the Gulf, on what the strategic endgame with Iran looks like.
Test of Wills: Iran’s Ability to Outlast the US Blockade
The standoff in the Hormuz is not simply a question of whether Tehran can survive economic pressure, but whether Washington can sustain the pressure at an acceptable cost.
Nearly two months into the Iran war, US President Donald Trump has announced an indefinite extension of the cease-fire between Washington and Tehran, even as control of the Strait of Hormuz remains contested. Hosts Alistair Taylor and Matthew Czekaj are joined by MEI Senior Fellow Alex Vatanka to explore where the conflict may be headed and unpack the factors at play. They discuss how Iran’s internal power structures have shifted since February 28, the prospects for a deal between Washington and Tehran, and what form a resumption of hostilities could take.
The opposition in Congress is attempting to force a war powers vote on the Trump administration’s Iran operation, with an eye toward the 60-day deadline on military action legally imposed on the executive branch; and key defense-spending measures are also on the immediate horizon. These actions on Capitol Hill could shape the trajectory of how the US moves forward in Iran and the region — and influence Americans’ overall appetite for long-term engagement in the Middle East.
As Lebanese, Israeli, and American teams prepare for their first-ever trilateral leaders summit, it is time to reflect on this opportunity and lessons from the past.
The war with the US and Israel has intensified pressure on the Iranian economy, but it has not represented a fundamentally new shock. The key question is not whether pressure exists, but whether it can be made decisive.
Bonus Episode: Stalled Talks and Next Steps for the US and Iran
This bonus episode of Middle East Focus features a recent MEI Virtual Briefing. Director of Communications Zeina Al-Shaib is joined by MEI Distinguished Diplomatic Fellows Alan Eyre and Daniel Benaim to discuss the historic talks held in Pakistan last weekend between the United States and Iran. Tehran insists the US failed to gain its trust, while the US made its red lines clear and declared it would blockade Iranian ports in the Persian Gulf. What happens next? Eyre and Benaim offer insights into what goes on behind the scenes at such negotiations; identify the core issues at play; explore potential incentives to end the war; analyze the weaponization of energy; as well as assess the role of other regional players in this conflict.
Israel’s killings of Ali Larijani and Kamal Kharazi were meant to do more than remove two senior figures from the Islamic Republic’s political landscape. And yet the regime did not break.
As the international community focuses on the regional and economic reverberations of the US-Israel-Iran war, the wartime experiences of ordinary Iranians and their aspirations for the future have received much less attention. Arash Azizi, a postdoctoral associate at Yale University and contributing writer at The Atlantic, joins hosts Alistair Taylor and Matthew Czekaj to discuss the war’s repercussions for the Iranian population and how the outcome of the conflict may shape the peoples’ lives going forward. Together, they explore Iran’s internal politics, the viability of the opposition, and the conditions needed to achieve democracy in Iran.
