Bloomberg Surveillance Bloomberg Surveillance TV: June 23, 2025
Jun 23, 2025
Norman Roule, Senior Adviser at the Center for Strategic & International Studies, dives into the geopolitical implications of U.S. strikes on Iran and the weaknesses in Iran's military capabilities. Mark Esper, former U.S. Secretary of Defense, discusses strategies aimed at crippling Iran's nuclear ambitions and the early indicators of their success. The dialogue also touches on the ramifications for Israel's position in the Middle East and the economic effects on global commodity prices amid rising geopolitical tensions.
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Effectiveness of Strikes on Iran
- The U.S. and Israel's strikes have devastated Iran's air defenses, leadership, and nuclear program.
- Iran's missile program is shrinking, and their nuclear program is effectively destroyed though some elements remain.
Iran's Diplomatic Backers
- Russia and China provide diplomatic support for Iran at the UN and IAEA but likely won't offer military aid.
- Iran has few allies but some partners backing it in international arenas, impacting diplomatic talks.
Oil Price Sensitivity and Regional Impact
- Without disruptions, oil and European natural gas prices are expected to gradually decline by year's end.
- Supply disruptions in the Middle East could cause sharp price spikes, especially impacting Europe and Asia more than the U.S.