This week, Mark Leonard is joined by Aziz Alghashian, senior non-resident fellow at the Gulf International Forum, Eran Etzion, former Israeli diplomat and deputy head of Israel’s National Security Council at the Pime Minister’s Office and Ellie Geranmayeh, deputy director of ECFR’s Middle East and North Africa programme.

Over the past couple of weeks, the US and Israel have continued attacking Iranian military and energy infrastructure, Iran has appointed a new Supreme Leader in Mojtaba Khamenei, oil prices have surged and Iran is targeting tankers in the Strait of Hormuz. But amid all this activity, America’s war aims remain as unclear as ever, exacerbated by dozens of conflicting statements from President Trump and US senior officials.

Together, Mark, Aziz, Eran and Ellie assess the state of the conflict in Middle East, focusing on the political climate in Iran, Israel and the Gulf states. Does Trump have a way out? Is there any path to de-escalation? For how long will the war last? And what does this mean for the Middle East—and for Europe?

Bookshelf:

A Kurdish Rebellion in Iran Could Be a Disaster – Ellie Geranmayeh

Tomorrow is Yesterday: Life, Death, and the Pursuit of Peace in Israel/Palestine - Hussein Agha and Robert Malley

This episode was recorded on March 12th 2026.

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