Is the US Set to Strike Iran?

Watch on YouTube ↗  |  January 28, 2026 at 03:31  |  5:03  |  Bloomberg Markets
Speakers
Karim Sadjadpour — Senior Fellow, Carnegie Endowment for International Peace

Summary

Karim Sadjadpour says it is too soon to tell whether the US will strike Iran, but the US strategy resembles the Venezuela pressure campaign and could include an economic or naval blockade targeting Iran's oil exports. He assesses that Iran's nuclear program has not been meaningfully rebuilt, though its enriched uranium stockpile remains unlocated. He also discusses the Board of Peace, Iran's dependence on Russia and China, and Gulf states' cautious public posture.

  • Karim Sadjadpour says a US strike on Iran is not decided, but the strategy resembles Venezuela.
  • Potential US economic or naval blockade would target Iran's oil exports, a key economic lifeline.
  • Iran's nuclear sites are largely destroyed, and its enriched uranium stockpile location is unclear.
  • Israeli and likely US intelligence penetration deters Iran from a nuclear breakout dash.
  • Iran relies on Russia and China; 90% of its oil exports go to China.
  • A US naval blockade would create tension with China; Russia wants Iran's regime to survive.
  • Gulf states publicly warn against military action but privately may tolerate Iran being weakened.
  • Trump's Board of Peace is aimed at Israeli-Palestinian issues but could be expanded globally.
Ideas
Karim Sadjadpour Senior Fellow, Carnegie Endowment for International Peace 0:14
Naval blockade could disrupt Iranian oil exports
Karim Sadjadpour argues the US approach to Iran resembles the Venezuela pressure campaign, with a potential economic or naval blockade aimed at Iran's oil exports, the country's economic lifeblood. This is a geopolitical supply risk for oil markets worth monitoring, though he does not specify a directional price view.
Up Next

This Bloomberg Markets video, published January 28, 2026, features Karim Sadjadpour discussing WTI. 1 trade idea extracted by AI with direction and confidence scoring.

Speakers: Karim Sadjadpour  · Tickers: WTI