In short
Podcast Summary: Big Take - Former Secretary of State on the Two Keys to Ending War in Iran
Overview The episode features a discussion between David Gura and former Secretary of State Antony Blinken on the ongoing U.S.-Iran conflict, exploring diplomatic efforts, military strategies, and the broader implications for the region and global order.
Key Points Discussed
- Duration of Hostilities: Blinken suggests the war's duration will depend on "markets and munitions."
- Military Actions: The conflict has escalated, with U.S. military actions affecting Iran's capabilities.
- Diplomatic Efforts: A focus on the failed attempts to maintain the Iran nuclear deal (JCPOA) post-Trump administration withdrawal.
Main Themes
- Understanding the Current Conflict
- Military Goals: The current operations against Iran target its nuclear and missile programs, with an emphasis on U.S. military superiority.
- Shifting Arguments: Blinken highlights the inconsistency in the U.S. administration's justifications for military actions against Iran.
- The Role of Markets and Munitions
- Oil and Stock Markets: The potential impact of fluctuating oil prices and stock market performance on the war's continuation.
- Munitions Race: The urgency to manage and preserve military resources due to the finite nature of munitions.
- Risks of Regime Change
- Regime Change vs. Status Quo: Discussion on whether U.S. actions lead to genuine regime change or merely replace one leader with another.
- Unintended Consequences: Concerns over the risks of U.S. intervention resulting in chaos akin to past experiences in Syria and Libya.
- The Importance of Diplomacy
- Potential for Diplomatic Solutions: Blinken asserts that diplomacy is always an option, though the present moment may not be optimal.
- Iran's Weakened Position: The ongoing conflict may present an opportunity for renewed negotiations, given Iran's current military and political vulnerabilities.
- Global Implications
- Erosion of the Global Order: Discussion on how U.S. actions, coupled with the conflict's dynamics, threaten the established international order and could enable adversaries like China and Russia.
- Future of U.S. Foreign Policy: The importance of maintaining alliances and the dangers of unilateral actions in shaping global geopolitics.
Conclusion The episode ends with a reflection on the changing global landscape, emphasizing the need for a strategic and coherent U.S. foreign policy that balances military action with diplomatic engagement. Blinken warns against the repercussions of inadequate planning and the potential for further destabilization in the Middle East.
Key Takeaways
- The future of U.S. involvement in Iran hinges on economic factors and military logistics.
- Achieving lasting peace requires careful consideration of Iran's internal dynamics and external pressures.
- The current conflict underscores the fragility of international relations and the need for a renewed commitment to diplomacy.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOCurrent Situation in Iran
1:51 to 3:14
Understand the ongoing war in Iran and its implications for U.S. foreign policy.
“The U.S.-Iran war has entered its fifth day with no signs of de-escalation.”
Interview with Antony Blinken
3:14 to 4:12
Insights from former Secretary of State Antony Blinken on U.S. strategies with Iran.
“tried to avoid conflict with Iran, how this war could end, and its consequences for the region and the U.S.'s world standing.”
The Case for War Against Iran
4:12 to 5:00
Examine the shifting rationales behind the U.S. decision to engage in war with Iran.
“got to be able to hold multiple truths in our head at the same time.”
Consequences of War and Regime Change
5:00 to 6:45
Discuss the potential consequences of U.S. military action and the risks involved.
“and allies in the region and for ourselves.”
Munitions and Market Effects
6:45 to 9:18
Explore the implications of munitions usage and oil market stability in the conflict.
“But you don't only need fissile material, you actually need a weapon too.”
Off-Ramps and Diplomatic Solutions
9:18 to 11:09
Investigate potential off-ramps for U.S.-Iran relations amidst ongoing conflicts.
“But it is something we have to be very, very attentive to because these things are not in infinite supply.”
The Future of U.S.-Iran Relations
11:09 to 14:00
Consider the future dynamics between the U.S. and Iran and the role of diplomacy.
“And even potentially even worse because it may simply ultimately reinforce the IRGC, the specialized military.”
Analyzing Diplomatic Efforts and Challenges
14:00 to 16:34
Learn about the dynamics and challenges of U.S. diplomacy with Iran.
“So I think there is a possibility of doing that.”
Concerns About Nuclear Material in Crisis
19:10 to 22:28
Understand the risks associated with nuclear material amidst potential chaos in Iran.
“You've noted in the past that during war games, something's come up where if there were to be this kind of chaos in Iran, the regime might move uranium to different places across the country.”
U.S. Strategy and Military Engagement in Iran
22:28 to 25:10
Explore the implications of U.S. military strategy and potential interventions in Iran.
“can extricate itself from this without putting boots on the ground in Iran?”
Show all 15 chapters
The Impact of U.S.-Israel Relations on Policy
25:10 to 28:00
Examine the complexities of U.S.-Israel relations and its influence on Middle East policy.
“Secretary of State Marco Rubio was talking about the motivations for this war.”
Ceasefire Achievements and Challenges
28:00 to 33:40
Learn about the complexities surrounding the ceasefire agreements and the challenges that arose in negotiating peace.
“lives, you're always going to ask yourself, I always ask myself, could we, should we have done something different?”
The Future of Global Order
37:00 to 40:05
Explore the shifts in global order and the implications for international relations.
“premised on one, I think, profound insight, and that was enlightened self-interest, the notion that the success and strength of others would be our own as well.”
The Impact of Iran on U.S. Foreign Policy
40:05 to 42:01
Discuss how the situation in Iran affects U.S. interests and influences foreign policy decisions.
“I worry that that opportunity will not be seized.”
The Importance of Research Alliances
42:01 to 43:35
Learn about the historical context of U.S. leadership in science and technology and the effects of shattering alliances.
“I mean, in the case of Greenland, simply asking would have gotten the right answer in terms of putting more military forces there or striking deals on their raw materials.”
Transcript
Automatic transcript. May contain errors.0:00Antony Blinken:So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now, a global workforce of 300 ,000 can use AI to fill their HR questions, resolving 94 % of common questions. Not noise. Proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business.
0:57Antony Blinken:IBM. JPMorgan Chase Bank N.A. Member FDIC. Copyright 2026. JPMorgan Chase and Company. This podcast is brought to you by WISE, the smarter way to manage your money internationally. If you're getting a headache from juggling different currencies and different bank accounts in different countries, there's a better way to receive money in the currency you need without the slow transfer times or hidden fees. Meet WISE, the savvy way to handle your money internationally. Hold balances in up to 40 currencies with the mid-market exchange rate on every conversion, Whether you're receiving payments from tenants abroad, earning as a digital nomad, or converting dividends from your international investments, the WISE multi-currency account is for you.
1:37Antony Blinken:Be smart. Get WISE. Download the WISE app today or visit WISE.com. Terms and conditions apply. Bloomberg Audio Studios. Podcasts. Radio. News. The U.S.-Iran war has entered its fifth day with no signs of de-escalation. On Wednesday, Defense Secretary Pete Hegseth confirmed the sinking of an Iranian warship off the coast of Sri Lanka, telling reporters that the war with Iran was just getting started. We are accelerating, not decelerating. Iran's capabilities are evaporating by the hour, while American strength grows fiercer, smarter, and utterly dominant. More bombers, more fighters. President Trump showed no sign of looking for an off-ramp.
2:21Antony Blinken:He brushed off reports that Iran's Ministry of Intelligence reached out indirectly to discuss ways to end the conflict, writing on Truth Social, quote, They want to talk. I said, too late. In light of all this, I wanted to sit down with someone who understands the complexities of negotiating with Iran's regime and the unforeseen consequences when diplomacy fails. Mr. Secretary, thank you very much. Great to be with you. Antony Blinken served as Secretary of State under President Biden. He spent much of his tenure trying to revive the 2015 Joint Comprehensive Plan of Action, or JCPOA, the Iran nuclear deal he helped negotiate as Deputy Secretary of State under President Obama.
3:00Antony Blinken:President Trump withdrew from that agreement during his first term, a pivotal moment, Blinken says, on the path to war with Iran.
3:10Antony Blinken:I'm David Gura, and this is The Big Take from Bloomberg News. Today on the show, my conversation with former Secretary of State Antony Blinken. on how the U.S. tried to avoid conflict with Iran, how this war could end, and its consequences for the region and the U.S.'s world standing.
3:32Antony Blinken:We've heard from the president, secretary of state, secretary of defense, chairman of the Joint Chiefs. I'm curious at this point, what your understanding is of the case this administration has made for the U.S. going to war against Iran?
3:44David Gura:Look, the case keeps shifting. But the first thing to say is this, from my perspective, once our men women uniform are engaged in an operation or in a war my first thought is for their safety and for their success irrespective of what i think about how we got there or even where this is going so that's primarily what i'm thinking of but having said that we've heard um you know number shifting rationales but i think it's important to take into account that we've got to be able to hold multiple truths in our head at the same time. Is it a good thing that this Ayatollah is gone? Yes. Terrible tyrant.
4:21David Gura:Is it a good thing, potentially at least, that Iran's nuclear program is, I guess, re-obliterated because apparently it was obliterated last June, but maybe not so much because they had to re-obliterate it? Or its missile program diminished or its Navy sunk? Yes. But to do that and to take on the extraordinary risks that go with it without having made the case with the American people, with citing imminent threats that apparently didn't exist, I think that's problematic. And the chances of unintended consequences taking hold in any situation like this are very real, very serious for our partners and allies in the region and for ourselves.
5:10David Gura:And of course, for the Iranian people, I think a big question that everyone has is, okay, have we done regime change in Iran or just Ayatollah change, which is the way it looks right now.
5:21Antony Blinken:You brought up the argument that there was an imminent threat. In years past, you'd warned that there were a matter of weeks before Iran could develop fissile uranium. Is that an argument that's persuasive to you so much as that's been made
5:33David Gura:by the administration that there wasn't even a threat? It's an ironic argument in a number of ways. First, as I said, they claim to have obliterated the nuclear fissile material program back in June. And now we're told, actually, no, we didn't. And a number of us warned at the time that one of the reasons why military action against the nuclear program might not do the trick is that the Iranians were likely to start to rebuild, maybe rebuild deeper underground where we couldn't get at it. Whether that was happening or to what extent, I don't know, because I'm not privy to that information, but at least that seems to be part of the rationale.
6:03David Gura:The deeper irony, of course, is that we never should have been in this position insofar as the agreement that President Obama reached, the Iran nuclear deal, the so-called JCPOA, put Iran's nuclear program in a box. It made sure that Iran could not produce the fissile material needed for a nuclear weapon in less than a year. And so if they chose to break out of the box and go for that, we'd see it and we'd have plenty of time to be able to do something about it. President Trump tore up that agreement, said he'd replace it with something better. He never did. And that's the road that we then wound up on that led to, in some ways, to where we are today with Iran, yes, dramatically advancing its production of fissile material so that that breakout time moved from one year to a couple of weeks.
6:47David Gura:But you don't only need fissile material, you actually need a weapon too. And I think, as has been publicly reported, our intelligence agencies and others, the IAEA, continue to conclude that Iran has not made a decision to actually weaponize, if and when they do, or if and when they did. Most estimates had that timeline at a couple of years. There are different kinds of weapons, less sophisticated ones you could build on a quicker timeline. But the bottom line is that on the nuclear side, there was no imminent threat. There was, though, the fact that, yes, in terms of fissile material production, they'd gone from the Obama deal more than a year to a few weeks.
7:28Antony Blinken:The Supreme Leader, who's been killed, of course, warned in the run-up to this that if there were U.S. strikes, the U.S. risked a wider regional war. How has what's played out over these last few days, how does that compare to what you expected would happen here? I imagine in your old jobs, there were planning meetings and war games in which you kind of tried to figure out what might happen here. As we see this war widen, is that in keeping with what you expected when you heard the Supreme Leader warn of that?
7:54David Gura:Well, look, it's certainly something that should have been anticipated. And what's one of the striking features so far is that Iran has launched far more missiles and far more drones at the Arab countries in the Gulf and in the region than it has even at Israel, disproportionately so. And in part, that's because we have basis and presence there, but they've gone beyond that. They've gone at infrastructure that these countries have, the oil infrastructure. They want to try to inflict so much pain that we can't sustain the effort. And that's something that should have been anticipated. And David, I think we're looking at a couple of things going forward in terms of where does this go and how does this end?
8:34David Gura:And it seems me that there are two critical factors to look at. Markets and munitions. Markets. Where are the oil markets? Where's the stock market? Where's the bond market? I know President Trump is very attentive to those. And if they go in a southerly direction and stay that way, or in the case of oil in the northernly direction, that's going to be possibly a limiting factor. Then munitions. There's really a race on to figure out who expends their munitions first and fastest. The Iranians, put us in a position where we've used up a lot of interceptors to deal with defense, or even our offensive missiles to take out their launchers?
9:13David Gura:Or conversely, did they run out and we still have what we need? Again, I don't know the numbers here. I'm not privy to that. But it is something we have to be very, very attentive to because these things are not in infinite supply. The production times are very long. And of course, we're also using, in many cases, very expensive weapons to take down$20 ,000 drones. That's not a good equation if you keep that going over time. One of the things I'm worried about, and this gets to the second and third order consequences, is we so deplete our arsenal and it takes a long time to rebuild it that that puts us in a disadvantageous position when it comes to, say, a China or a Russia.
9:49David Gura:All of those things need to be factored in. And again, it's one of the reasons why if you're going to undertake something like this, you've got to make sure that you've factored all of that in. And again, it really should start with explaining to the American people why you're doing something, why it's necessary, why now. Do you see an off-ramp anywhere at this point? I do in the sense that, one, as I said, I think the off-ramp will be governed by this question of munitions and markets. And then what is that off-ramp? I think the president may simply declare victory. He'll say, got rid of the Ayatollah.
10:24David Gura:We diminished or degraded or destroyed their nuclear program again. We did the same thing to the missile program. We did the same thing to the Navy. And as to the regime, well, over to the Iranian people. Good luck to them. Hope they succeed. And if they don't, it's their fault. If they do, we'll take the credit. How Iran responds to that remains to be seen. And for the regime, survival is success. Right now, the expectation seems to be the Ayatollah's son is his successor. He's very tied into the IRGC. And so you may have a situation where much as we want, and everyone should want to see a change in that regime, we have regime change without regime change.
11:08David Gura:Status quo. Status quo. And even potentially even worse because it may simply ultimately reinforce the IRGC, the specialized military. And part of the problem with these things is that it's very hard to produce regime change from outside. You can't bomb your way to it. We've had a lot of experience with that and not such good experience over the last 20 years. it's even not so likely to come from the streets, even with extraordinarily courageous Iranian people. It's more likely to come from kind of within the palace. And then it could go in any one of, you know, multiple directions. You could get more pragmatic people, not good guys, but more pragmatic people who are open to, you know, curbing the excesses of the regime, focusing at home instead of focusing abroad, doing deals.
11:55David Gura:But right now it looks more likely that you're going to have hardliners. and um you know the the the who uh had a song way back in the uh in the 60s or 70s you know here's to the new boss same as the old boss that seems to be right now at least where we're headed
12:11Antony Blinken:you've warned of the dangers of u.s intervention many times 2024 you spoke at the council on foreign relations you said effectively i think if we look the last 20 years our experiments and regime change have not exactly been resounding successes cnn is reporting that the u.s is considering arming the Kurds. And Ron Bloomberg hasn't confirmed that reporting. When you hear that, what red flags does that raise for you?
12:34David Gura:Oh, the red flag it raises is this could be Syria redux or it could be Libya redux. You could see the country fracturing, imploding, or even exploding with refugees and migration, with the exporting of some of their problems, with extremist groups taking hold in one part or another. It's incredibly fraught and incredibly dangerous. And as sympathetic as I am to the Kurds, who've been incredible partners for us, incredibly brave, I don't think that getting into the business of arming these groups is ultimately going to be a good thing. And then you're going to have other countries that pick their partners inside.
13:09David Gura:And again, you wind up with something like Syria, something like Libya.
13:13Antony Blinken:let's talk a bit about diplomacy uh the president posted on truth social they want to talk referring to the iranians i said too late yeah is it too late for there to be a diplomatic solution or to have those conversations at this point no i think it's it's it's never too late for diplomacy
13:28David Gura:uh the question is is there a a good moment is this the right moment for it i would hope so because on one level uh the iranians have never been weaker at least not in recent memory uh militarily, politically at home, diplomatically abroad, and their proxies are for the most part gone or vastly diminished. So that's why I was hopeful before this action started that maybe they actually would get a renewed nuclear deal because Iran had a very weak hand to play. So I think there is a possibility of doing that. Whatever the new regime is or the continuation of the existing regime is ready to do that, wants to do that, to be determined.
14:10David Gura:It also depends on what the Trump administration wants to do. And I imagine Israel is going to have a say in this as well.
14:16Antony Blinken:As the administration was marshalling all of this military might to the Middle East, you had Jared Kushner, the president's son-in-law, Steve Whitcoff, his longtime friend, now envoy to many conflicts and regions, meeting in Geneva in meetings mediated by the Omanis. Do you think that those were good faith conversations when you look at it now in hindsight?
14:34David Gura:Look, I can't. It's hard for me to tell not being in the room, not being privy to those conversations. I certainly want to believe so. I don't know as, you know, I think Jared Kushner, Steve Witkoff are, you know, very able negotiators, but it was not clear to me that the expertise was also with them, which is very necessary when you're dealing with nuclear matters. When we did the JCPOA, we had very senior diplomats, but we had tremendous technical expertise at hand because, you know, it's complicated stuff and you want to make sure you're not making a mistake. So I'm not sure who is actually in the room and whether the people in the room could fully evaluate and assess, is this a good deal?
15:13David Gura:Is this a bad deal? And I've heard different versions of what the Iranians were actually willing to do, not willing to do, different versions of what we were willing to do or not willing to do. Not being there, it's hard to tell. But, you know, David, when President Trump tore up the JCPOA back in the day, first term, he said he wanted to replace it with a better deal. And I think there was actually an opportunity to do that because Iran was in so much of a weaker position now than it was back when President Obama negotiated the deal. You, of course, are a professional diplomat.
15:44Antony Blinken:You've dealt with the Iranians directly. And I'm curious if you think that Steve Whitcoff, Jared Kirshner were at some sort of inherent disadvantage in those talks because you had professional diplomats on one side and they were on the other. This isn't what they've done their entire lives.
15:56David Gura:Look, a number of the Iranians have been doing this for a long time. And when we change administrations, we change out the people who are doing these issues. And there's a certain learning curve and you have to get up to speed and become genuinely expert in things. Again, that's why I think it's so important to make sure that you have the experts with you. They're the continuity. The Iranians have continuity because it's usually the same cast of characters, the same guys that have been doing this for a long time. And Ranshi, the foreign minister, was Zarif's, the then foreign minister's deputy back then.
16:31David Gura:So he knows what he's doing.
16:33Antony Blinken:My interview with former Secretary of State Antony Blinken continues after the break.
16:43Antony Blinken:So there's a lot of noise about AI, but time's too tight for more promises. So let's talk about results. At IBM, we work with our employees to integrate technology right into the systems they need. Now, a global workforce of 300 ,000 can use AI to fill their HR questions, resolving 94 % of common questions. Not noise. Proof of how we can help companies get smarter by putting AI where it actually pays off, deep in the work that moves the business. Let's create smarter business. IBM. Support for the show comes from Public. Lately, it feels like there are two types of investing platforms. Some are traditional brokerages that haven't changed much in decades, and others feel less like investing and more like a game.
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19:16Antony Blinken:You've noted in the past that during war games, something's come up where if there were to be this kind of chaos in Iran, the regime might move uranium to different places across the country. And going back to what you were talking about a moment ago, the prospects of there being a Libya-esque or Syria-esque civil war, how worried should we be about that nuclear material being effectively scattered across this country and there being next to no accountability for A, where it is, and B, into whose hands it falls?
Read the full transcript
19:44David Gura:Yeah, I think that's a real concern. I would assume that the remaining material, and again, I don't know. We've seen lots of reports that it's likely that they were able to preserve, safeguard a lot of uranium, but I don't know that for a fact. I would assume that they've tried to disperse it, as you said, presumably in places that the regime has some control over. But if a country winds up in some kind of civil war, yeah, that's a real concern and something that we have to factor into our thinking. If we're going to start dropping matches there in terms of arming various groups, we better watch out in terms of getting what we wish for.
20:25David Gura:but you've seen extraordinarily courageous people uh beyond imagination who are out in the streets looking for looking for change getting mowed down by this regime and we all want to see a different future for them different leadership for them but it's very very hard if not impossible to uh to do that from the outside as we were saying and the risks now are that um instead of having a change having a transition, you have an implosion and then maybe even an explosion that has real effects outside the country. Our partners in the region have far fewer interceptors, air defense interceptors than we do.
21:05David Gura:If it gets to the point where they're running out and the Iranians have enough to continue going at their infrastructure, at their people, I think there's going to be a pretty strong demand signal on the administration to take an off ramp to stop. We've had other second and third order consequences here. At the very time when Russia is really reaching a weak point because of its dependence on oil to fuel its war economy, in large part because the price of oil has gone down, it's having more trouble exploiting oil because of sanctions and restrictions that we put on technology. That's been a huge and growing factor.
21:39David Gura:And the thing to do now, ideally, would be to squeeze the shadow fleet that they have that's going around the world. And that's the one thing that's able to keep them going. At the very time when that's possible, and that that might force Putin to finally cut a deal on Ukraine, they get a lifeline. And the lifeline is the price of oil is going up. And the value of that shadow fleet oil is going up. And people will need it and want to buy it. The Europeans, in turn, having moved away from Russian gas, are now more dependent on the Middle East. And if that gets tied up, if the Straits of Hormuz remain problematic, that's going to put a lot of pressure on them.
22:16David Gura:So mapping out, gaming out, planning out, and then making sure you have something in place to deal with all of these second and third order effects, usually important. And it's not at all clear to me that that was done.
22:27Antony Blinken:From where we sit today, are you confident that the U.S. can extricate itself from this without putting boots on the ground in Iran?
22:35David Gura:It depends what the objective is. I think that yes, in short, as i said a moment ago you know the president could theoretically declare victory tomorrow and claim that you know severe damage was done to the regime to the missiles to the nuclear program to the navy and call it a day but then for what um most of that stuff ultimately can be rebuilt and absent a change in the um governance in the regime which right now in this moment doesn't seem to be forthcoming. Huge risk without the support of the, well, without the, in effect, the buy-in from the American people that leaves us actually potentially for some time and strategically weakened position with regard, for example, to China or Russia, because our own stockpiles of critical long-range precision-guided weapons are down.
23:28David Gura:Our air defense stockpile um interceptors is down um that's uh usually usually questionable uh but that is i think that is an off-ramp that's available to the president if he wants to take it as you've
23:41Antony Blinken:pointed out president trump pulled out of the iran nuclear deal during his first term when you were secretary of state there was an effort to reanimate that to get another iteration of it what were the challenges of that and and why was it the case that in 2022 those talks broke down?
23:57David Gura:Look, we tried very hard to get back to the deal. But at that point in time, and especially with the passage of time, there were two things that were critical. One was that, of course, the Iranians, not without reason, said, how can we trust anything? We can do a deal. And then, you know, maybe the President Biden's successor does exactly what President Trump does. So there was a limiting factor there. But the bigger limiting factor was getting the Iranians to agree to terms that we deemed necessary and sufficient to make the deal the right deal to do. And in particular, re-extending the timelines, the constraints that the original deal had in them on the nuclear program.
24:38David Gura:We couldn't get to where we thought we needed to be to make it worthwhile. And we were doing it in partnership, in very close partnership with our European friends and allies, with the French, with the British, with the Germans, with the European Union, something that hadn't been the case in the immediate previous years. And I think we all agreed that the deal that the Iranians were willing to sign on to was simply not adequate. I wish we could have gotten there. But more than that, I wish that President Trump had not torn up the original deal. We'd be in a very different position and a very different world.
25:09Antony Blinken:I want to ask you about something that your successor said this week. Secretary of State Marco Rubio was talking about the motivations for this war. He said Israel was planning attacks that lead to reprisals on american troops so the u.s had to get involved militarily he since walked that back a bit but what does that say to you about the relationship between the u.s and israel and the influence that the u.s has over israeli policy look you know this is this has been a
25:32David Gura:a long story when it comes to iran and back during the obama administration the israelis were pushing president obama to take military action against iran and were warning that they would do it themselves if he didn't. And he wouldn't because he thought the better way to get at the nuclear program, which is what we were focused on, was through very muscular diplomacy backed up by very, very strong sanctions that we rallied the world to put in place. And then we got the Iran nuclear agreement. In the days after the October 7th attack on Israel, the horrific attack on Israel by Hamas. The Israelis were insisting that in the north, Hezbollah from Lebanon was about to attack.
26:16David Gura:And they wanted to strike preemptively against Hezbollah. And President Biden said, look, we're with you. We'll always be with you in defending Israel. And if you're attacked, we're there. But we're not there if you're going to start something. And we came within about 30 minutes of having a war in the north based on bad information that the israelis had about an imminent attack from hezbollah we were able to avert that but the president was biden was very insistent we're not going to do something uh that you initiate that you start it's very different than than defending israel when it's been attacked i i can't speak to what the dynamic was this time i you know i heard that then it was walked back the president said it was the other way around there's been a shifting rationale a shifting explanation uh for why this why now um and again that's why it's so important uh to have ideally laid this out before the american people and our partners and allies we might have had less friction with them if there was a compelling case to be made to make sure that we laid that out in advance and had them with us on the takeoff not mid-flight or on the landing you have faced protesters when you've given speeches i remember
27:26Antony Blinken:there was an interruption in the press briefing room at the State Department when you were giving remarks. And the criticism you faced has been you and the administration, the Biden administration effectively gave cover to Israel and Prime Minister Netanyahu for them to prosecute the war that they prosecuted in Gaza that led to 75 ,000 people dying. In hindsight, do you regret not exerting more pressure on or trying to do more to constrain, yes, Israel, but principally the prime minister in that war.
27:55David Gura:Look, David, when there's been such terrible loss, such terrible suffering, when so many innocent people, Palestinian men, women, and children lost their lives, you're always going to ask yourself, I always ask myself, could we, should we have done something different? And we had to make judgments in the moment to try to achieve a number of objectives. And in a way, I should really start with where we ended, which is we ended with a ceasefire that we handed off to the Trump administration. We ended with the hostages coming out, prisoners being released from Israeli jails, tens of thousands of trucks going into Gaza.
28:35Antony Blinken:I see that as a mutual achievement between the Biden and the Trump administration.
28:38David Gura:Well, I think it was largely President Biden's, but I'm very thankful for the role that Steve Woodcoff in particular played in supporting that in the moment. And that's what we were able to hand off. And then in that agreement, in the ceasefire agreement, it was for six weeks. And And during those six weeks, the notion was that the parties would negotiate the terms of an enduring ceasefire. That didn't happen. They went back to war. And then finally, President Trump, eight or nine months later, landed the current ceasefire. But do I wish that we could have gotten that sooner with less suffering?
29:12David Gura:Absolutely. But there were a lot of things that were going on that we had to factor in. One was we were trying, obviously, to make sure that October 7th could never happen again. And october 7th was almost written off immediately by much of the world starting practically on october 8th And you had a traumatized israeli society and then now you've had a traumatized palestinian broader society From october 8th on but we wanted to make sure that couldn't happen again We wanted to avert a wider war which would have caused even more death destruction and suffering and probably would have prolonged gaza Even more and so that meant making sure among other things that there was a strong deterrent in place including israel's deterrent to say to would-be uh aggressors who were prepared to jump in pile in because they thought israel was was down if not out hezbollah iran the houthis etc uh don't do it and so we had to preserve israel's deterrent we wanted to get we thought the best way to to end this was through the deal that we ultimately got the ceasefire and hostage deal but part of the problem was, part of the challenge was that Hamas was constantly strong-arming things because of two factors.
30:24David Gura:One, it thought the cavalry was eventually going to come to the rescue, the Iranians, Hezbollah, et cetera. And until it was clear, and that didn't happen until really September of 2024, with the death of Nasrallah, with other leaders who were taken out by the Israelis, with the decimation, if not, well, or diminishment, at least, of Hezbollah itself. That wasn't clear till then. And that notion of the cavalry coming to the rescue was still there. The second thing that was really problematic was that, and we know this from all the information we had, Hamas was looking for any gaps between us and Israel and Israel's other supporters.
31:06David Gura:And as soon as they saw something emerge, they would step back. so in public it was critical that we preserve as much solidarity as possible even as in private we were hammering them every single day on humanitarian assistance for uh palestinian people uh on civilian casualties and of course they were operating in a unique environment where hamas was hiding uh among and below all of the civilian infrastructure and civilians themselves and schools and mosques and hospitals, that doesn't excuse some of the actions that Israel took in trying to get at Hamas, not at Palestinians, but it is necessary to understand that that was part of the environment.
31:49David Gura:I also think at the end of the day, this is just my judgment, and I may be wrong, that this was perceived in Israel among the vast majority of the population, not just Prime Minister Netanyahu, people in his government, but the vast majority of the population, including many who don't like him at all, to be an existential matter. And irrespective of what we did or anyone else did, they were likely to continue with or without us. So for us, it was how do we bring this to an end as quickly and effectively as possible? again, making sure that it's not likely to happen again, averting a wider war, and all the while trying to look out for people who are caught in this horrific crossfire.
32:35Antony Blinken:Is it wrong to look at this as a continuum that Prime Minister Netanyahu is able to prosecute the war in the way in which he wanted? That led him to feel him bold enough to take these strikes in concert with the United States?
32:49David Gura:Certainly, there's a profound connection there, because I think in the past, he has probably been reluctant to go at Iran directly because of the threat of retaliation, a response from Hezbollah. But with Hezbollah vastly diminished, even though they did respond, not in such a significant way. And by the way, something truly remarkable, the prime minister of Lebanon denounced Hezbollah for getting into this and firing it at Israel. That's remarkable. But for sure, I think the Israelis, yes, were in a position where something they hesitated to do in the past, that is direct confrontation with Iran because of the likelihood that others would get in and go with them, that was taken away.
33:30David Gura:And that did open the door to them doing what they've done.
33:36Antony Blinken:More from my interview with former Secretary of State Antony Blinken after the break.
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36:19Antony Blinken:I want to wrap up with where this leaves us, where this leaves the world. And Prime Minister Mark Carney of Canada spoke recently, and he said this is just another example of what he's talked about before this rupture in the global order, that that's happened on two counts here. There have been two failures, the first of which was the multilateral institutions that we've relied on, weren't able to constrain Iran effectively. That's one. The second is you have the U.S. and Israel now going it together without the consent of the U.N. or other multilateral institutions. Do you agree with him as he talks about the way that that hegemony, the global order, has changed?
36:51David Gura:Look, we're very much at an inflection point in the global order, in the rules-based order that we spent 80 years building up, and that was premised on one, I think, profound insight, and that was enlightened self-interest, the notion that the success and strength of others would be our own as well. And we were able to build a system that avoided other countries ganging up against us, as is usually the case when one country rises above the others. We had new markets for all the stuff we wanted to sell. We had new partners to deal with different conflicts, different problems. We had new allies to deter aggression, especially with NATO.
37:33David Gura:And now that system is being put in the, for now at least, in the dustbin and being replaced with, there are different versions of this. Some people believe that the president's engaged in going back to a kind of spheres of influence world where the Russians do what they want in their part of the world. The Chinese do what they want, except maybe on the economic issues in their part. And we do what we want to do in our part, particularly in the Western Hemisphere. And then you've got these problematic areas that are dealt with by force. That's a profound thing. And that's what's happening now.
38:05David Gura:But I think at the same time, and this is what's maybe most frustrating of all in the Middle East, is that there's also an extraordinary opportunity. If, very big if, this does produce some kind of real change in Iran, then you have the prospect of a region that heads in a very different direction, that is integrated with its people, it's moving back and forth, its economy is integrated, greater success, greater prosperity for folks. But there remains one catch to that vision besides how Iran resolves, and that's the question of Israelis and Palestinians. The truly big vision right now would be to actually resolve that question, not to try to put it under the rug yet again.
38:57David Gura:The bottom line is this. There are roughly 7 million Jews in Israel. There are about 2 million Arabs, 5 million Palestinians between the West Bank and Gaza. No one is going anywhere, despite the efforts of some on both sides to make that happen. And so tell me how this ends. I don't see how this ends without some kind of genuine political accommodation that realizes the rights of Palestinians. This is the moment for that big vision because that brings with it something incredibly powerful, normalization of relations between Israel and Saudi Arabia, and then potentially other countries will follow suit from Qatar to Indonesia.
39:33And then if the Iranian problem is diminished and Iran really has to face a choice between being a pariah gadfly or mending its ways, I think that's the most likely way we're
39:47David Gura:actually going to see real change. Unfortunately, tragically, given the trauma on all sides after October 7th, on the Israeli side and among Palestinians, it's awfully hard to get there. But that's where you need people of vision to try to move things in that direction. There is actually an opportunity to do that. I worry that that opportunity will not be seized. And we're going to just see a continuation among Israelis and Palestinians. And also, Iran is, again, likely in this moment, if I had to bet, again, we're replacing one Ayatollah for another. And the nature of the regime in this moment doesn't seem likely to change.
40:24David Gura:I hope I'm pleasantly surprised and the Iranians get the leadership that they deserve. But the jury's very much out on that.
40:30Antony Blinken:Something you warned about during your tenure as Secretary of State was the role that China could play in subverting or reinventing the international order. How do you think about that now in this moment?
40:40David Gura:Well, you know, nature pours a vacuum. If we're disengaged, if we're not leading in the effort to shape that order, then China is going to fill the void. The flip side of that coin, David, is we've got to be doing it with allies and partners. We need, in all of these problem areas, to be working in concert. Whether it's dealing with the problems that China poses, we're much stronger when we're allied and partner. When we're dealing with China alone, we're 20 or 25 percent of world GDP. When we're aligned with the Europeans, with Japan, Korea, India, where suddenly 50 or 60%, that's a lot harder, you know, bigger weight that China has to account for.
41:19Antony Blinken:Last question is what this war in Iran means for President Trump's other ambitions, be that Cuba, be that Greenland, continued project in Venezuela. How do you think about what this may or may not lead to?
41:32David Gura:Well, in some ways, Iran's the outlier because these other areas that you just mentioned are all within what would be our so-called sphere of influence. And that's why I said, you know, before the president seems to see the world in terms of these spheres of influence and anything within our sphere, we should in one way or another control. And there's kind of a very 19th century view that actually controlling the territory is the most important, most important thing. Nevermind that there's absolutely no need to do that. I mean, in the case of Greenland, simply asking would have gotten the right answer in terms of putting more military forces there or striking deals on their raw materials.
42:11David Gura:But that world, the spheres of influence world, where the big guys on the block, and it is guys in this view, get to do what they want in their area, that's the way things were for much of the latter part of the 19th century, but it didn't end well. We ultimately end up with World War I. I'm equally concerned, David, with another alliance that's been shattered, and that's an internal alliance. You know, when we started the 20th century, there was not a major pursuit of science in which the United States led the world. By the time we got to the 21st century, there was not a major pursuit in science and technology where the United States did not lead the world.
42:48David Gura:That didn't happen by accident. It happened because we built an alliance between the federal government, universities, research institutions, national labs. the amount of gdp that we dedicated to research and development went from about one and a half percent after world war ii to by the time president biden left office three and a half percent and that produced extraordinary innovation coupled with this welcome mat for the best and brightest from around the world who would do their studies here attracted by being with the best and brightest and an open system then they stayed around and created things that made us a leader in all of these fields, which redounded to our economy and redounded to our national security.
43:30David Gura:As that system is being blown up, I think that may be the biggest threat of all. If we lose that, we lose a lot. Mr. Secretary, thank you very much.
43:40Antony Blinken:Great to be with you.
43:43Antony Blinken:This is The Big Take from Bloomberg News. I'm David Gurra. To get more from The Big Take and unlimited access to all of Bloomberg.com, subscribe today at Bloomberg.com slash podcast offer. You can watch this episode on YouTube. If you liked this episode, make sure to follow and review The Big Take wherever you listen to podcasts. It helps people find the show. Thanks for listening. We'll be back tomorrow.
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From the publisher
How long will hostilities in Iran last? Former Secretary of State Antony Blinken says it will likely depend on “markets and munitions.”
In an interview with the Big Take podcast, Blinken and host David Gura discuss the Obama and Biden administrations’ efforts to avoid conflict with Iran, the unanticipated ways this war puts the US at risk and how the strikes could reshape the region.
Hosted by David Gura; Produced by David Fox; Edited by Jeffrey Grocott.
Fact-checking by Rachael Lewis-Krisky and Julia Press; Engineering by Alex Sugiura.
Senior Producer: Naomi Shavin; Deputy Executive Producer: Julia Weaver. Executive Producer: Nicole Beemsterboer.
See omnystudio.com/listener for privacy information.




