The Sanctions Age

The Sanctions Age

Why the U.S. and Iran are Struggling to Reach a Deal

Ali Vaez with Esfandyar Batmanghelidj - Season 3, Episode 10

Jun 02, 2026
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In late February, the United States and Israel launched a war on Iran—a war that killed the country’s supreme leader, closed the Strait of Hormuz, pushed the global economy to the brink, and brought the Middle East closer to all-out conflagration than at any point in a generation.

Now, amid a ceasefire that has held without ever being formalized, a draft framework for a comprehensive agreement between Washington and Tehran is reportedly taking shape. The deal that emerges—if it emerges at all—will make clear limits of sanctions pressure, the price of war, and whether transformative diplomacy between the U.S. and Iran is even possible.

In this episode, Ali Vaez helps make sense of the ongoing negotiations. Ali is Senior Adviser to the President and Project Director for Iran at the International Crisis Group. He is one of the foremost experts on the Iran nuclear file, having spent the better part of fifteen years in direct contact with Western, regional, and Iranian officials, and among a long list of other achievements he is a co-author of the excellent book How Sanctions Work: Iran and the Impact of Economic Warfare.


Season 3 of The Sanctions Age is produced by media.winter in Berlin.


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