Hello and welcome to the GZero World podcast. This is where you can find extended versions of

my conversations on public television. I'm Ian Bremmer, and today's episode was taped in front of a

live audience at the 92nd Street Y in New York City, where I sat down with one of the most

battle-tested figures in American politics and foreign policy,

Rahm Emanuel. He's worn more than a few hats in public office, Democratic Party enforcer,

U.S. congressman, White House Chief of Staff under Obama, mayor of Chicago, and most recently,

U.S. ambassador to Japan, where he was deeply involved in America's Indo-Pacific strategy.

But this conversation isn't just about politics.

It's about power and how American foreign policy is being reshaped in real time,

because the world looks very different than it did just a year ago.

President Trump is, of course, back in office,

and his foreign policy approach of might

is right is playing out most dramatically in Iran. U.S. and Israeli strikes have escalated into a broader

regional conflict with Iranian retaliation, hitting Gulf allies and threatening global energy markets.

At the same time, Trump's own objectives are shifting. Early calls for regime change in Iran have faded.

Demands around leadership and political outcomes have been scaled back, and what counts as

victory for President Trump may not be quite the same as for Israeli Prime Minister Netanyahu.

And from what I'm hearing from allied leaders, there is real concern not just about the war itself,

but about the decision-making behind it.

Some describe a president who appears, in their words, increasingly disconnected from reality

in the middle of a major foreign policy crisis.

So I spoke with Rahm Emanuel about what this moment means, for America's alliances, for its

...