Andrew Shapiro is joined by Ambassador Jeffrey Feltman, whose distinguished diplomatic career includes serving as U.N. Under-Secretary-General for Political Affairs and Assistant Secretary of State for Near Eastern Affairs. Amb. Feltman, now a visiting fellow at the Brookings Institution, discusses the fragile state of the U.S.–Iran ceasefire and progress toward talks for a long-term diplomatic agreement. He assesses Iran's core objectives, the strategic sidelining of Israel, and how Tehran's survival alters the calculus for Russia and China in global geopolitics. Amb. Feltman also maps out a "new normal" for the region defined by cliffhanging diplomatic extensions and localized proxy skirmishes rather than a definitive peace.