The Iran War Could And Should Be Over Tomorrow Says Blinken

Watch on YouTube ↗  |  September 16, 2026 at 19:33  |  23:42  |  Bloomberg Markets
Speakers
Antony Blinken — Former US Secretary of State
Joe Mathieu — Host, Bloomberg Radio

Summary

Antony Blinken discusses AI governance, the Iran war and oil markets, Russia sanctions, and Ukraine defense. He argues AI needs safety rails and US-China coordination, while the Iran war could end through diplomacy that would normalize shipping and ease oil and diesel prices. He also supports pressure on Russia and says Ukraine could become a larger defense producer. Domestic politics and Gaza are discussed later.

  • Blinken says advanced AI risks require governance and a China safety framework.
  • He sees no good military solution in the Iran war and favors diplomacy.
  • He says reopening Hormuz and Red Sea shipping would help control oil prices and diesel costs.
  • He says Russia is under pressure and supports more sanctions to force negotiations.
  • He backs Ukraine's ability to manufacture Patriots and expand its drone industry.
  • He discusses Democratic Party divisions, Gaza endgame, and his upcoming memoir.
Ideas
Antony Blinken Former US Secretary of State 12:21
Diplomacy could normalize shipping, controlling oil prices.
The Iran war and Houthi attacks give Tehran and its proxies a chokehold over the Strait of Hormuz and Red Sea, and Blinken argues there is no good military solution. Diplomacy could end the conflict quickly, restore normal shipping, and bring oil prices under greater control.
Antony Blinken Former US Secretary of State 12:27
Diesel costs crush consumers; diplomacy may help.
Diesel affordability is already severe because of the Iran war. Blinken cites a driver paying twice as much to fill a diesel tank and says margins are impossible, so restoring shipping and controlling oil prices would relieve the diesel squeeze.
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Speakers: Antony Blinken  · Tickers: WTI, HO=F