Uploaded June 2026 | Updated September 2026, 2 weeks ago
A U.S.-Iran deal to open the Strait of Hormuz was inked last week, calming oil markets and pushing stocks higher. But many other details remain undecided. How will the two sides handle the nuclear issue? How will they spin victory to their respective domestic audiences, and who are the real winners and losers from the conflict?
FP’s Ravi Agrawal sat down with Ali Vaez, who has been speaking with key players on both sides of the negotiations. Vaez is the Iran project director at the International Crisis Group.
Watch the interview at ForeignPolicy.com: foreignpolicy.com/live/vaez-trump-iran-cease-fire-deal
Read FP’s new print magazine here: foreignpolicy.com/projects/the-end-of-the-world-as-we-know-it
0:00 Intro
2:09 What’s in the MOU?
4:35 Tehran’s financial benefit
7:34 Lifted sanctions
9:30 Support for ordinary Iranians
10:55 Hezbollah
13:35 Phase two?
17:00 The nuclear issue
20:47 Tehran’s calculus
25:16 Iranian leadership
28:50 The Gulf states
32:32 Israel’s position
On the go? Listen to FP Live as a podcast at link.chtbl.com/foreignpolicylivepodcast or wherever you get your podcasts.
FP Live is Foreign Policy's forum for live journalism that brings leading foreign-policy experts and thinkers together to analyze the world's biggest events. Visit foreignpolicy.com/live for the full conversation and more live journalism from Foreign Policy.
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Visit foreignpolicy.com to read the latest global news and analysis from FP.
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A U.S.-Iran deal to open the Strait of Hormuz was inked last week, calming oil markets and pushing stocks higher. But many other details remain undecided. How will the two sides handle the nuclear issue? How will they spin victory to their respective domestic audiences, and who are the real winners and losers from the conflict?
FP’s Ravi Agrawal sat down with Ali Vaez, who has been speaking with key players on both sides of the negotiations. Vaez is the Iran project director at the International Crisis Group.
Watch the interview at ForeignPolicy.com: foreignpolicy.com/live/vaez-trump-iran-cease-fire-deal
Read FP’s new print magazine here: foreignpolicy.com/projects/the-end-of-the-world-as-we-know-it
0:00 Intro
2:09 What’s in the MOU?
4:35 Tehran’s financial benefit
7:34 Lifted sanctions
9:30 Support for ordinary Iranians
10:55 Hezbollah
13:35 Phase two?
17:00 The nuclear issue
20:47 Tehran’s calculus
25:16 Iranian leadership
28:50 The Gulf states
32:32 Israel’s position
On the go? Listen to FP Live as a podcast at link.chtbl.com/foreignpolicylivepodcast or wherever you get your podcasts.
FP Live is Foreign Policy's forum for live journalism that brings leading foreign-policy experts and thinkers together to analyze the world's biggest events. Visit foreignpolicy.com/live for the full conversation and more live journalism from Foreign Policy.
Subscribe to Foreign Policy's Youtube Channel: youtube.com/channel/UC1x_EgZtYkAzVavuONBrLZQ?sub_confirmation=1
Visit foreignpolicy.com to read the latest global news and analysis from FP.
Follow Foreign Policy:
X - twitter.com/ForeignPolicy
Instagram - instagram.com/foreignpolicymag
Facebook - facebook.com/foreign.policy.magazine
LinkedIn - linkedin.com/company/foreign-policy-magazine
TikTok - tiktok.com/@foreignpolicymagazine
