Rahm Emanuel joins Ian Bremmer on stage at the 92nd Street Y in NYC to unpack the strategic challenges of the Iran war as Tehran has been able to exert an effective veto power over the Strait of Hormuz — a critical chokepoint for global oil and energy.


Emanuel says this influence shapes ceasefires, peace negotiations, and the broader regional balance of power. Gulf states, he notes, were caught off guard and frustrated by the lack of consultation, while the US navigates how to protect its interests and those of its allies. Emanuel stresses that any solution must remove Iran’s de facto veto over the strait, framing it as a non-negotiable condition for stability in the region.

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At the 2026 US Canada Summit in Toronto, hosted by Eurasia Group and RBC, Ian Bremmer breaks down the idea of a US-China “Thucydides Trap,” where rising and dominant powers collide.