Ian Bremmer says Iran War's Not "Priced into the Markets" Yet

• US policy towards Iran is seen as 'incoherent,' with a short-term focus on lowering oil prices by allowing some Iranian oil exports.
• The Strait of Hormuz remains a critical flashpoint, with Iran capable of posing threats for months, impacting global supply chains beyond oil.
• US alliances are 'very fractured,' with European allies distrustful of the US but desperately needing the Strait open, while the US and Israel are largely 'going it alone'.

Ian Bremmer discusses the escalating tensions between the US and Iran, highlighting the lack of an 'off-ramp' and the 'incoherence' of US policy. He notes that while the US is militarily strong, Iran's economic vulnerability is a key lever. The conflict's impact on oil prices and global supply chains is not yet fully 'priced into the markets,' and alliances are fractured.