The USMCA Review: What to Keep in Mind and What to Watch for on North American Trade

Analysis
by Julián Ventura

North America has a chance to come out on top of global trade, investment, and competitiveness in a rapidly shifting geopolitical environment.

President Donald Trump, Mexican President Claudia Sheinbaum and Canadian Prime Minister Mark Carney hold their countries' cards during the draw for the 2026 soccer World Cup at the Kennedy Center in Washington, Friday, Dec. 5, 2025
Stephanie Scarbrough / AP
Global Economy

Trump Calls on US Allies to Help Secure the Strait of Hormuz

In the News
CNN
Julianne Smith

"It really puts Europe in a difficult position. On the one hand, they're frustrated that they've been left out in the cold for this entire operation," says Council Distinguished Nonresident Fellow Julianne Smith. "On the other hand, . . . they're also recognizing that they need the strait to be open."

Julianne Smith speaks with CNN via video US Foreign Policy

The New Iran War: Implications at Home and Abroad

Video Series
Featured Video

Robert Pape joins a group of Emerging Leaders to examine the tradeoffs inherent in deploying force and explore the limits of military power in shaping political outcomes.

Robert Pape speaking to a roundtable of Emerging Leaders. US Foreign Policy

War in the Middle East Ushers in a World of 'Might Makes Right'

Analysis
by Leslie Vinjamuri

The US-led postwar international order is being tested in the waters of the Strait of Hormuz and in the shrewd calculations of governments from New Delhi to Helsinki.

A man walks along the shore as oil tankers and cargo ships line up in the Strait of Hormuz, as seen from Khor Fakkan, United Arab Emirates, Wednesday, March 11, 2026.
Altaf Qadri / AP
US Foreign Policy

Why the War in Iran Prompted a Global Energy Crisis—and How it Might End

Analysis
by Coauthors

The widening conflict in the Middle East underscores the recurrent vulnerability of fossil fuel energy systems—and why a pivot to renewables is critical.

A UPS truck driver stands in transit as gasoline prices are advertised at over seven dollars a gallon at a gas station downtown Los Angeles Tuesday, March 3, 2026.
Damian Dovarganes / AP
Global Politics

Why the War with Iran Could Be a Long One

In the News
Time
Paul Poast

"The conditions that typically produce short wars—a decisive military advantage, an adversary willing to negotiate, and a clear political end game—are conspicuously absent in this conflict," Council Senior Nonresident Fellow Paul Poast and Pegah Banihashemi write.

A man holds up an Iranian flag and a poster of the late Supreme Leader Ayatollah Ali Khamenei
Vahid Salemi / AP
Defense and Security

What the Iran War Means for US Allies

In the News
Bloomberg
Leslie Vinjamuri

"America's allies and partners were not asked to come along until after the strikes began. There was no real process in building a consensus," Council President and CEO Leslie Vinjamuri said. "Now they're scrambling."

Gas prizes are displayed at a gas station near the European Central Bank in Frankfurt, Germany
Michael Probst / AP
US Foreign Policy

The War on Iran Will Speed the Transition Away from Fossil Fuels and Toward Nuclear Energy

In the News
Bulletin of the Atomic Scientists
Rachel Bronson

"A nuclear resurgence will bring hard questions, especially for the United States, which risks ceding ground to Russia and China if it fails to act," Council Senior Nonresident Fellow Rachel Bronson writes.

Oil tankers and cargo ships line up in the Strait of Hormuz Defense and Security

How the Strait of Hormuz Shutdown Impacts the Global Economy

In the News
Fox 32 Chicago
Jim O'Neill

"With the sanctions against Russia, it adds to the concern about scarcity of oil," says Council Distinguished Nonresident Fellow Lord Jim O'Neill. "It's not surprising that the markets are freaked out about this."

Jim O'Neill speaks with a Fox 32 journalist Global Economy

Iran's Supreme Leader Says Iran Will Not Refrain from Avenging the Blood of Its Martyrs

In the News
Al Jazeera
Leslie Vinjamuri

"To see that a new leader has emerged that has a strong intention to strike American bases, to keep American interests out of the region, that is a very tough message," says Council President and CEO Leslie Vinjamuri.

Leslie Vinjamuri joining an Al Jazeera newscast over video call. Defense and Security