Apr 14, 2026 · 21 min · 18 segments
Iran briefly showed it could choke off a waterway carrying nearly a fifth of the world’s oil. That’s the visible threat. The real risk may be something else entirely. Former Deputy National…
Elliott, what are the three takeaways you'd like to leave the audience with today?
[chime] First, we've been through a long period of globalization or thinking that globalization will continue and will increase.
I think the reaction to COVID and now to the closure of the Strait of Hormuz will suggest to a lot of countries that there are many products that need to be produced at home and will lead to a diminution of the trend toward globalization in commerce.
[chime] Second, I think we are all aware of the many global commons, the seas, international waterways, the Arctic.
Things that have been considered as global commons will now be understood to be, well, maybe and maybe not global commons, and they may be things that countries will need to protect or attack a lot more.
[chime] Finally, we are reminded that there is still such a thing as evil in the world, and I think that means for a lot of countries, for us, more and more for Europeans looking at a Russian attack on Ukraine, the desire not to have to have big military establishments is not one we're going to be able to fulfill.
Elliott, what are the three takeaways you'd like to leave the audience with today?
[chime] First, we've been through a long period of globalization or thinking that globalization will continue and will increase.
I think the reaction to COVID and now to the closure of the Strait of Hormuz will suggest to a lot of countries that there are many products that need to be produced at home and will lead to a diminution of the trend toward globalization in commerce.
[chime] Second, I think we are all aware of the many global commons, the seas, international waterways, the Arctic.
Things that have been considered as global commons will now be understood to be, well, maybe and maybe not global commons, and they may be things that countries will need to protect or attack a lot more.
[chime] Finally, we are reminded that there is still such a thing as evil in the world, and I think that means for a lot of countries, for us, more and more for Europeans looking at a Russian attack on Ukraine, the desire not to have to have big military establishments is not one we're going to be able to fulfill.
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Iran Shifts To Military Rule
How Iran’s power structure just changed
America’s Allies Lost Trust
The hidden diplomatic bill comes due
What Peace Terms Should Be
Here’s a pragmatic path to de-escalation
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