The retaliatory missile attack into the base in Iraq was a shot across the bow.

I don't think we should think this is the end.

This is the end of the beginning.

Hello and welcome to the GZero World Podcast, where you'll find extended versions of the

interviews from my show on public television. I'm Ian Bremmer, and today is all about the grand

chess match unfolding with Iran. Everywhere in the Middle East, as well as Moscow and Washington, has a stake,

and everything from oil prices to regional security is up for grabs. To help me dig into it,

we have Fran Townsend. She's former U.S. Homeland Security Advisor to President George W. Bush.

Let's get to it.

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Fran Townsend, great to be with you.

Yeah, it's great to be here.

So, war with Iran, how's it going?

Well, the good news is we're not at war with Iran, right?

That was not clear right after the Sulemani was killed. I think now we're in a position to say we're

living through a de-escalation. But I think we need to understand, Ian, as you know well,

this was, I think, the first round. And I think we ought to understand that this is the first

round with the Iranians.

The retaliatory missile attack into the base in Iraq was a shot across the bow. I don't think

...