The Price of Peace in Iran: Richard Nephew

Michael is joined by Richard Nephew, Senior Research Scholar at Columbia University and former Director for Iran at the National Security Council, to examine the fragile state of the U.S.–Iran ceasefire and the looming terms of a potential memorandum of understanding (MOU). Richard shares his concerns about the current trajectory of negotiations, warning that Washington is at risk of overpaying with massive sanctions relief without securing a durable, verifiable nuclear agreement. Richard also helps unravel the strategic and economic fallout of the crisis, examining the potential long-term impact of costly oil and how the conflict has shifted Iran's strategic calculus toward a more aggressive, risk-tolerant posture.