Hello and welcome to the GZero World Podcast.

This is where you'll find extended versions of my public television show.

I'm Ian Bremmer, and today we are looking at how the Iran war is reshaping the balance of power far beyond Middle East.

Nearly three months in, conflict has settled into a very uneasy stalemate.

The ceasefire is holding, mostly, despite Trump saying it's on, quote, massive life support

earlier this week.

Right now, it's on life support. They understand.

These are all medical people.

Dr. Oz, life support is not a good thing.

Do you agree? Diagnostic. I would say the ceasefire is on, life support is not a good thing. Do you agree?

Diagnostic. I would say the ceasefire is on massive life support.

Iran, though, is betting Trump has little appetite for another escalation after declaring Operation Epic Fury over.

Meanwhile, the economic pressure keeps building. Gas prices are nearing $5 a gallon in the United States. Shortages are looming and global recession fears are growing.

America's adversaries see an opening.

For Russian President Vladimir Putin, the war has been a gift.

High oil prices are somewhat stabilizing Russia's economy.

Western attention has drifted from Kiev,

and Patriot systems once met for Ukraine are now defending Gulf infrastructure. Beijing is watching,

too. Heading into this week's Trump-Shiz summit, Xi has grown more assertive on trade and

critical minerals and fentanyl. He knows the White House wants his help containing Iran and stabilizing

the strait. For the White House, a president who promised quick victories now looks constrained

by a conflict he can't easily resolve, while his adversaries grow more confident by the weak.

...