| Geopolitical strategist Jacob Shapiro is back to break down the second- and third-order effects of the US-Israel coordinated military action in Iran—and what it means for global markets, energy, and the future of the Middle East. Jacob lays out three major macro themes he’s been wrestling with: the end of the Gulf states’ vision as safe havens for global capital, the unprecedented vulnerability of the Strait of Hormuz as an energy chokepoint, and what this conflict reveals about the accelerating shift toward a multipolar world. Also, the “why now?” question behind the strikes, the role of the IRGC and why the Venezuela playbook doesn’t work in Iran, China’s strategic positioning, and more. Find out more about Jacob Shapiro here: https://jacobshapiro.com/ Sign up for Ed D’Agostino’s free newsletter here: https://www.mauldineconomics.com/global-macro-update?utm_source=SYTB&utm_medium=GM&utm_campaign=jm-563&utm_term=260313-jacob-shapiro&utm_content=JM563GM400115 Follow Ed D’Agostino on LinkedIn: https://www.linkedin.com/in/ed-d-agostino-415475296/ Follow Ed D’Agostino on X: https://x.com/EdDAgostino _____________ Time stamps: 0:00 – Introduction & market volatility 3:35 – Three macro takeaways from the Iran conflict 10:22 – Why the US struck Iran now 15:25 – Iran’s resistance strategy & regime coherence 19:21 – The IRGC and the Venezuela comparison 25:55 – Leftovers from the Cold War 30:59 – China’s role and strategic positioning 35:20 – Renewables and the energy transition |
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