Episode
Ep. 180: How will the Iran conflict end?
- Podcast
- Australia in the World
- Published
- Mar 22, 2026
- Duration seconds
- 2920
- Processing state
not_requested
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Summary
Three weeks into the US-Israeli war on Iran, Darren looks to international relations theory — particularly the bargaining and war termination frameworks associated with James Fearon — to explain why this conflict is so resistant to ending. He organises his thinking around two conditions for war termination: the existence of a mutually acceptable deal, and a credible mechanism for enforcing it. Neither condition is met, and the war is actively making both harder to achieve. Both sides are pursuing cost imposition, but with incompatible visions of what peace looks like. The US is destroying Iran’s military capacity; Iran is weaponising the Strait of Hormuz and attacking Gulf energy infrastructure. Darren examines why Trump’s coercive credibility has been undermined by the South Pars episode, why Iran’s energy war may be hardening rather than softening its neighbours’ resolve, and what Oman’s foreign minister’s extraordinary public intervention reveals about Gulf anger at both Iran and the United States. The episode offers two speculative theories for how the war might end — one centring on Trump’s psychology and capacity for narrative reinvention, the other on whether China could help solve the credible commitment problem by offering Iran something the US cannot. It closes with a reflection on what it means for analysts, governments, and markets when the most consequential variable in the system is a single unpredictable leader. A postscript addresses Trump’s 48-hour ultimatum to Iran, issued hours before recording, threatening to destroy Iranian power plants if the Strait of Hormuz is not reopened. Australia in the World is written, hosted, and produced by Darren Lim, with research and editing by Hannah Nelson and theme music composed by Rory Stenning. Relevant links Th…