How Much Will the Iran Conflict Hurt the Global Economy?

The extension of a fragile cease-fire in the Middle East has left the region with no clear path forward. The Strait of Hormuz is still blocked, which means the global energy crisis will get worse. But Tehran’s new leaders are suffering too. What is their plan? Iran expert Karim Sadjadpour joins FP Live to discuss the shifting state of the war. Plus, Ravi shares his read on how the war’s economic fallout is worst in Asia. Ravi Agrawal: The World Is Paying the Price for America’s War David Ignatius: Both Sides Want a Deal. Both Keep Acting As if They Don’t. Menahem Merhavy: The Man Who Represents Post-Clerical Iran Bobby Ghosh: Tehran Can’t Count on Hormuz Philip H. Gordon and Rebecca Lissner: The Strategic Aftershocks of Trump’s Iran War Learn more about your ad choices. Visit megaphone.fm/adchoices

The closure of the Strait of Hormuz is like a ticking time bomb for the global economy, disrupting the flow of energy and rippling through industries from agriculture to semiconductors. How bad could it get? The International Monetary Fund has cut its forecast for global growth this year from 3.4 percent to 3.1 percent in the best-case scenario and 2 percent in the worst case. What countries will be the most affected, and what can they do to protect themselves? Gita Gopinath, an economics professor at Harvard University who was formerly the first deputy managing director of the IMF, joins FP Live to discuss. IMF’s World Economic Outlook: Global Economy in the Shadow of War Ravi Agrawal: The World Is Paying the Price for America’s War Keith Johnson: Why Iran Isn’t Blinking Yet Jason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price Shocks Esfandyar Batmanghelidj: The Iran War Is Jeopardizing the Entire Global Economy Learn more about your ad choices. Visit megaphone.fm/adchoices

The Iran war has become the most serious foreign-policy challenge for U.S. President Donald Trump in his second term. But does it reveal a larger point about U.S. power? Stephen M. Walt, a professor at Harvard University and Foreign Policy columnist, argues that it does and that the United States is increasingly acting like a rogue state. What damage will this cause, and what can countries do about it? Plus, Ravi offers his read on Hungary’s election and why it matters for the world. Thomas Carothers: Why Viktor Orban’s Fidesz Party Lost Stephen M. Walt: The United States Has Become a Rogue State Foreign Affairs: Stephen M. Walt: The Predatory Hegemon Ravi Agrawal: Trump Is Ushering In a More Transactional World Howard W. French: Trump’s Recipe for Accelerated U.S. Decline Pew Research Center: International Views of China Turn Slightly More Positive Learn more about your ad choices. Visit megaphone.fm/adchoices

The Trump administration’s plans in the Middle East are often criticized by those who say he shouldn’t have attacked Iran. But the White House is also facing flak from those who say that it didn’t go far enough. John Bolton is a longtime proponent of regime change in Iran. He served as national security advisor in the first Trump administration before falling out with the president. Bolton joined FP’s Ravi Agrawal for a debate. Plus, Ravi gives his read on the tenuous Middle East cease-fire.  Ravi Agrawal: Why Trump Mishandled Iran New York Times: John Bolton: Finish the Job: How Trump Can Still Win in Iran Ali Hashem: The Iran Cease-Fire Has Only Divided the War Raphael S. Cohen: Trump’s Iran War Is a Dilemma, Not a Debacle Eric Brewer: Preventing an Iranian Bomb Is Only Getting Harder Stephen Walt: America’s Pro-War Elites Must Be Held Accountable Rishi Iyengar: Trump’s Pivot to Pakistan Learn more about your ad choices. Visit megaphone.fm/adchoices

After news of a 14-day cease-fire in the middle east conflict, Ravi shares his initial thoughts and analysis. Plus, the rationale for attacking Iran revolved around security. How did the global narrative become about energy? Iran’s strongest weapon has turned out to be its ability to strangle the Strait of Hormuz, an important trade choke point. What does the return of energy as a weapon mean for the global economy?  Meghan O’Sullivan, author of Windfall: How the New Energy Abundance Upends Global Politics and Strengthens America’s Power, explains how countries need to think about their energy security. She is a professor at Harvard University and has previously served as deputy national security advisor for Iraq and Afghanistan in the George W. Bush administration.  Ravi Agrawal: Why Trump Mishandled Iran New York Times: How Trump Took the U.S. to War With Iran Amir Handjani: The War Will End With a Hormuz Toll Booth Nils Gilman: Electrostates vs. Petrostates Jason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price Shocks Foreign Affairs: Jason Bordoff and Meghan L. O’Sullivan: The Return of the Energy Weapon Foreign Affairs: Jason Bordoff and Meghan L. O’Sullivan: The Iran Shock And the Dangerous Allure of Energy Autarky Learn more about your ad choices. Visit megaphone.fm/adchoices

As the U.S.-Israel war against Iran enters a second month of conflict, how is Tehran’s surviving leadership thinking about an endgame? And how will the conflict reshape geopolitics in the region? Ali Vaez has extensive contacts with Iranian lawmakers and sits down with Ravi Agrawal to discuss the regime’s options. Vaez is a project director at the International Crisis Group. Plus, Ravi’s Read on how the White House seems to be winning the battle but losing the war.  Ravi Agrawal: Trump Is Losing the War in Iran Robert A. Pape and Ali Vaez: The Iran War Has Escaped Its Authors Zakiyeh Yazdanshenas: What Iran Wants From the War Thomas Juneau: Get Ready for a Weaker but Nastier Iran Menahem Merhavy: Iran’s Civilizational Rhetoric Is Hollow Arash Reisinezhad: Iran’s Biggest Wartime Advantage is Geography Learn more about your ad choices. Visit megaphone.fm/adchoices

Crude and gas prices are soaring after the closure of the Strait of Hormuz and attacks on regional energy infrastructure amid war in the Middle East. How bad could the energy shock get and for how long? FP columnist Jason Bordoff sits down with Ravi Agrawal to discuss. Bordoff previously served in the Obama administration as a senior director for energy and climate change in the National Security Council. He is also the founding director of the Center on Global Energy Policy at Columbia University. Jason Bordoff and Spencer Dale: Making the U.S. More Resilient to Oil Price Shocks Esfandyar Batmanghelidj: The Iran War Is Jeopardizing the Entire Global Economy Jason Bordoff and Erica Downs: How the Iran War Could Consolidate China’s Energy Dominance Keith Johnson: Iran Is Putting a ‘Toll Booth’ in the Strait of Hormuz Nils Gilman: Electrostates vs. Petrostates Keith Johnson: Europe and the U.S. Still Haven’t Choked Off Russia’s Energy Riches Maisoon H. Kafafy: Empty Words Don’t Open Straits Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s widely accepted that the post-WWII order has changed, but the question remains—what comes next? Political scientist Hal Brands maps out three possible scenarios in a cover essay for Foreign Policy’s latest print issue and joins FP Live to discuss.  Brands is a professor of global affairs at the Johns Hopkins School of Advanced International Studies and the author of The Eurasian Century: Hot Wars, Cold Wars, and the Making of the Modern World. Hal Brands: Three Scenarios for a Post-Trump World Emma Ashford: A Better Trans-Atlantic Relationship Is Entirely Possible Sarang Shidore: Can Middle Powers Gel? Suzanne Nossel: What Would an Abundance Foreign Policy Look Like? Nils Gilman: Electrostates vs. Petrostates Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s no secret that democracy is in trouble. Studies show that a growing number of countries are less free, and polls suggest ordinary citizens are losing faith in their governments. What can be done to fix this? Hélène Landemore has a radical solution: to get rid of politicians and electoral politics and instead create assemblies of ordinary citizens. She explores this concept in her new book, Politics Without Politicians: The Case for Citizen Rule, and joins FP Live to interrogate the idea.  Hélène Landemore: The Problem With Representative Democracy Nicholas Bequelin: The Age of Defensive Democracy Hélène Landemore: More Power to More People Learn more about your ad choices. Visit megaphone.fm/adchoices

As the war in Iran soon enters its third week, two experts join FP Live for a debate. Were the United States and Israel justified in attacking Iran? And will the war advance U.S. interests in the region, or set them back? Trita Parsi and Matthew Kroenig sit down with executive editor Dan Ephron to discuss. Parsi is the executive vice president at the Quincy Institute, and Kroenig is an FP columnist and a senior director at the Atlantic Council. Trita Parsi: Iran’s Despair Is U.S. Policy Matthew Kroenig: The Case for Destroying Iran’s Nuclear Program Now Matthew Kroenig: Why a Wider War with Iran Is Unlikely Matthew Kroenig: Trump Made History. Now the Iranian People Can, Too. Michael Hirsh: So This, Finally, Is the ‘Trump Doctrine’ John Haltiwanger: The Trump Administration’s Iran War Justifications Keep Changing Suzanne Nossel: It’s Time to Retire the Pottery Barn Rule Learn more about your ad choices. Visit megaphone.fm/adchoices