Gulf War III Or Cold War II: Iran Truth And Consequences | Hoover Institution

The Hoover Institution's GoodFellows podcast analyzes the potential for a third Gulf War and its global implications, particularly in the context of Cold War II. The discussion centers on whether the U.S. military actions against Iran could trigger a broader conflict, with Niall Ferguson arguing it resembles the 1991 Desert Storm scenario. H.R. McMaster assesses Iran's diminishing capacity to widen the war, while John Cochrane examines the economic ramifications, drawing parallels to the 1970s oil crisis and stagflation. The panel also explores the implications for China, considering whether the U.S.'s assertive stance might provoke preemptive action from Beijing, and the potential benefits for Russia due to eased sanctions and increased oil prices.