Flynt Leverett, former Senior Director for Middle East Affairs at the National Security Council, discusses Iran’s threat to close the Strait of Hormuz, as a response to sanctions that may eventually cut off Iran’s oil exports; why the US and Israel don’t really have a problem with Iranian nuclear weapons, just Iran’s refusal to submit to US regional hegemony; Israel’s “red line” on Iran’s uranium enrichment at Qom; why US foreign policy planners don’t learn from prior mistakes (because superpowers don’t have to); and why waging war with borrowed money is a sure sign of a declining empire.

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