Edward Fishman, senior fellow and director of the Greenberg Center for Geoeconomics at the Council on Foreign Relations, joins School of War to discuss his New York Times best-selling book, Chokepoints: American Power in the Age of Economic Warfare. How has the United States turned the global economy into a strategic weapon? What are the strengths and limits of sanctions? And how are China, Russia, and Iran adapting to a new era of economic warfare?

02:46 - Edward Fishman's background

04:26 - Understanding economic chokepoints

05:35 - The dollar as a strategic chokepoint

07:02 - Semiconductors as a strategic chokepoint

09:24 - The Iraq embargo and modern sanctions

11:05 - Airpower vs. economic warfare

12:14 - Are sanctions a "nuclear weapon"?

13:23 - America's sanctions strategy toward Iran

14:25 - Trump pulling out of the JCPOA

16:20 - The limits of economic warfare

18:00 - Iran, the Strait of Hormuz, and the MoU

20:44 - Shadow fleets and Iranian oil

22:54 - The evolution of Russia sanctions

27:59 - China and the economic arms race

29:53 - How nations mitigate economic chokepoints

34:20 - What makes a strategic chokepoint?

39:40 - Chokepoints beyond economics

41:05 - Can Iran institutionalize control over the Strait of Hormuz?

Follow along on Instagram, X @schoolofwarpod, and YouTube @SchoolofWarPodcast, or at The Free Press

Learn more about your ad choices. Visit megaphone.fm/adchoices