Nuclear Issues

Secretary of State Mike Pompeo’s most recent announcement on Iran policy has raised some eyebrows. He indicated on Monday morning that the Trump administration will not renew waivers to importers of Iranian crude and that other suppliers (meaning Saudi Arabia) have agreed to increase production in to ensure the global oil market remains well-supplied. Skeptics question whether — after last summer’s debacle — there is sufficient trust between Washington and Riyadh for this arrangement to work. What skeptics may not have digested is that, while timing remains a problem, this is a classic win-win situation. It is a near-perfect example of the very limited universe of occasions when transactional diplomacy could actually work.

The world was in suspense a week ago wondering whether OPEC and non-OPEC producers would put more oil on tightening global markets. Turns out: Yes, they will. But, as the story does not end here, it is worth assessing where we are and how we got here. While the U.S. seems to have gotten what it wanted, it is not all good news.

Oil markets have so far reacted to President Donald Trump’s decision to withdraw from the 2015 Iran nuclear deal without either enthusiasm or panic — without even much apparent interest. There are many good reasons for this, but also many reasons to think oil markets’ complacency could change. Fortunately, the Obama-era sanctions that Trump has moved to reimpose have some lesser-known safety valves should oil markets later overheat as a result of the Iran decision.

Staffing gaps and significant personnel changes at the State Department have raised concerns about the direction of U.S. foreign policy, especially amid public statements by President Donald Trump concerning American alliances and positions on issues around the world. Ambassador Cameron Munter invites Ambassador Nicholas Burns to share his insights and ideas, including on timely topics such as the U.S.-Russia relationship following the re-election of Vladimir Putin, Transatlantic relations and changing perceptions about the future role of NATO, and a possible meeting between President Trump and his North Korean counterpart on nuclear nonproliferation and security.

Ambassador Burns was Under Secretary of State for Political Affairs under President George W. Bush. Prior to that assignment, he was also U.S. Ambassador to NATO. Currently, Burns is the Goodman Family Professor of the Practice of Diplomacy and International Relations at Harvard’s John F. Kennedy School of Government, and also director of The Future of Diplomacy Project.

Donald Trump is right about North Korea, of course. It never made sense for the US to launch a “bloody nose” military strike against Kim Jong Un’s isolated country without having tried diplomacy first.

"There’s no track record here. Kim Jong Un hasn’t met with the Chinese leadership."