Brad Setser on the War in Iran and the Future of the US Dollar | Odd Lots
This episode of the Odd Lots podcast features Brad Setser, a senior fellow at the Council on Foreign Relations, discussing the geopolitical and financial ramifications of the conflict in the Middle East, the shifting dynamics of oil markets, and the persistent dominance of the US dollar despite "de-dollarization" narratives.
I. Historic Analogy: The 1970s vs. Now
- Contextual Differences: The 1973 shock was driven by the Yom Kippur War; the 1979 shock by the Iranian Revolution. Setser notes a reversal in current dynamics where the US and Israel are viewed as instigators rather than the Arab nations. [00:04:33]
References
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