Geopolitical Expert: Iran War May Drag On For Years

Global markets are reacting to heightened geopolitical tensions in the Middle East, as the U.S.-Iran conflict drives oil prices toward $95 a barrel and pushes 10-year Treasury yields to multi-year highs. Ian Bremmer notes that both nations are engaged in a cycle of geopolitical price discovery, with neither side showing signs of de-escalation, suggesting sustained inflationary pressure. Meanwhile, the regulatory landscape for big tech is shifting; the FTC’s recent lawsuit against Amazon for allegedly manipulating auction pricing to overcharge advertisers marks a significant enforcement action. Simultaneously, Meta’s $17 billion settlement regarding its impact on children signals a potential "big tobacco" moment for social media regulation. Finally, the AI sector faces scrutiny as circular compute deals, such as the Anthropic-Lambda-NVIDIA arrangement, raise questions about the underlying economic sustainability of the current AI ecosystem.