Edward Fishman, senior fellow and director of the Greenberg Center for Geoeconomics at the Council on Foreign Relations, joins School of War to discuss his New York Times best-selling book, Chokepoints: American Power in the Age of Economic Warfare. How has the United States turned the global economy into a strategic weapon? What are the strengths and limits of sanctions? And how are China, Russia, and Iran adapting to a new era of economic warfare?
02:46 - Edward Fishman's background
04:26 - Understanding economic chokepoints
05:35 - The dollar as a strategic chokepoint
07:02 - Semiconductors as a strategic chokepoint
09:24 - The Iraq embargo and modern sanctions
11:05 - Airpower vs. economic warfare
12:14 - Are sanctions a "nuclear weapon"?
13:23 - America's sanctions strategy toward Iran
14:25 - Trump pulling out of the JCPOA
16:20 - The limits of economic warfare
18:00 - Iran, the Strait of Hormuz, and the MoU
20:44 - Shadow fleets and Iranian oil
22:54 - The evolution of Russia sanctions
27:59 - China and the economic arms race
29:53 - How nations mitigate economic chokepoints
34:20 - What makes a strategic chokepoint?
39:40 - Chokepoints beyond economics
41:05 - Can Iran institutionalize control over the Strait of Hormuz?
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