00:01:13Introduction
00:03:11Escalation and the Memorandum of misunderstanding
00:04:59An erratic Washington: how US policy shifts overnight
00:07:09What is at stake in the Strait of Hormuz
00:09:06Caught in the middle: the Gulf states’ impossible position
00:12:25The midterms and Republican division
00:14:52No good outcomes: the most likely path ahead
00:17:55Could the midterms force a change in US strategy?
00:19:53A weaponised chokepoint: Iran’s new leverage over global shipping
00:24:00The energy shock that may still be coming
00:26:42Insulated but not immune: why the US still feels the shock
00:29:03When resolution is unlikely, resilience is the strategy