Loading summary
Apple Card Announcer
This message is brought to you by Apple Card. Apple Card members can earn unlimited daily cash back on everyday purchases wherever they shop. This means you could be earning daily cash on just about anything, like a slice of pizza from your local pizza place or a latte from the corner coffee shop. Apply for Apple Card and the Wallet app to see your credit limit offer in minutes. Subject to credit approval. Apple Card issued by Goldman Sachs Bank USA Salt Lake City Branch terms and more at applecard.com Bloomberg Audio Studios podcasts
Interviewer
Radio News this is the interview of the day. It would have been true a month ago, six months ago. It's even more so this morning. Exceptionally important. Rebecca Listner, Senior Fellow, US Policy the Council on Foreign Relations. Her service to the Biden administration is noted. And Rebecca, we could go on and on today. Let me start with every curmudgeon out there. Rebecca saying college isn't like what it used it used to be. We had to go to college. We had to read real books. Forget about Furman and Acton at Harvard. You survived social studies at Harvard. What was it like sophomore year where with a gun to your head you had to read 47 full texts in history? What was social studies like?
Rebecca Listner
Social studies was a pressure cooker. It was the Harvard students who wanted to apply again to get into an extra exclusive, extra elite concentration at the college and commit sophomore year to writing a senior thesis their senior year. So it was definitely the nerds of the nerves. But you know, a great grounding in how to think about the world.
Interviewer
We should note that Bill Ackman survived this ages ago as well. Rebecca, I want to talk about the machinery at the White House. You have been intimately involved in National Security Council, all the different fancy names for these councils. It seems broken and busted at the White House. Now who's advising President Trump?
Rebecca Listner
No question it's broken and busted. And look, I think Vice President Vance advises the President, Secretary of State and National Security Adviser Marco Rubio and advises the president, Secretary Hegseth, General Kaine, obviously White House Chief of Staff Susie Wiles and her deputy Stephen Miller. But at the end of the day, it's very clear that the president really only takes his own counsel. And thinking ahead to what might happen tonight with the looming deadline on Iran, even the White House press secretary said only President Trump knows what he's going to do.
Interviewer
And I only counted one general when she mentioned this one Admiral. Right, General Kaine I mean we're compared to the first administration. We're generalists is what I call it.
Interviewer 2
Rebecca, what do you believe at this stage is a most likely off ramp for President Trump, the US And Israel as it relates to this war.
Rebecca Listner
Well, it's clear he's looking for a way out, but he hasn't quite found it yet. I think that's why we have this really monstrous 8pm deadline tonight where President Trump has said if Iran doesn't come to the table for negotiations, doesn't reopen the Strait of Hormuz by 8:00pm Eastern tonight, he's going to bomb them back into the Stone Ages. He's threatened a new infrastructure day that takes on power plants and bridges. You know, some would say that these could constitute war crimes, but he's looking for a way to de escalate this conflict because he entered into it with no plan and no strategy and now is having trouble finding a way out. So my expectation is he's hoping to bridge the gap between what are two very maximalist set of demands that both sides have put on the table in negotiations and try to really open a diplomatic path that helps at least get to a ceasefire that puts a pause on this conflict and takes some pressure off the markets.
Interviewer 2
Rebecca, it seems, you know, for a lot of us that probably aren't that familiar with this part of the world, we now understand how important the Strait of Hormuz is for global oil trade as well as just global trade in general. Is there a solution here that, I mean, you have to have Iran basically blessing the opening of the Strait of Horizon, don't you?
Rebecca Listner
That's exactly right. I think that this war has let a very dangerous genie out of the bottle. Right. Iran now knows that with pretty minimal effort, it can close the Strait of Hormuz and that effectively the world will tolerate it doing so. So I am very skeptical that we will return to anything that resembles the status quo ante in the Strait of Hormuz. I think we've entered a new normal. What I think is the most likely outcome, looking at these reports that Iran and Oman are now talking about creating some sort of framework for reopening the Strait, is is that Iran, in the context of negotiations, probably does agree to reopen the Strait to transit, but they do so within a tolling system. That there's a toll that's probably split between Iran and Oman, which of course, is the country on the other side of the Strait from Iran, and that Iran justifies this by saying it's using its portion of the toll for reconstruction after the war.
Interviewer
I want to give some insight here, folks. Rebecca's written a blistering essay on Realism. And this of course, goes back advent John Quincy Adams and runs through all of the modern pragmatic, realistic effort may be codified by John Mearsheimer in Chicago right now. Rebecca, what is the strategy? Obviously, realism is what they're going to say at the White House, or is it just a busted theory that Henry Kissinger wouldn't recognize?
Rebecca Listner
So the Trump administration has tried to paint itself as realist, as clear eyed, as pragmatic as the world as it is, right? Not trying to transform it in some idealistic fashion. But the problem is that realists properly understood the real realism would dictate a clear focus on the national interest and also a clear focus on great power competition. It would advise against regime change, wars and, and getting further bogged down in the Middle east, which is a region that President Trump himself has said in his own strategy documents, shouldn't be a top priority for the United States. So the problem is that this war really goes against all of the counsel that realism would offer. And that's part of why we're so stuck. But it's also part of why this war is putting the United States at a global strategic deficit. Because by further bogging us down in the Middle east and expending all kinds of U.S. munitions and military material in this war with Iran, we're by the day becoming less and less prepared for any future conflict with China and maybe even making it more likely.
Interviewer 2
Rebecca, the US Entered into this war with little to no consultation with our traditional allies. What's the repercussions there, do you think?
Rebecca Listner
NATO's in dire straits. And we even saw the president say yesterday once again that he was thinking about saying, quote, bye bye to NATO. And as I've written elsewhere, I think we're in a position now where NATO has become a zombie alliance. It continues to exist on paper, there are bureaucrats and military officials that meet in Brussels, but who now really believes that President Trump would come to the defense of a NATO ally if attacked? It's a grave situation. It's certainly not what I would have hoped to see, but I do think that coming on the heels of the Greenland crisis and then now with Trump calling on allies to help reopen the Strait of Hormuz and them largely declining to do so. We're in a very tough situation, Rebecca.
Interviewer
I got a minute and a half at best. What do you want from Secretary Rubio?
Rebecca Listner
Secretary Rubio has a very important role to play in his dual hatted national security adviser, secretary of state role. And what I hope to see from him frankly, is moderation of some of the president's worst instincts. The recent reports coming out of the White House suggest that President Trump is, quote, unquote, bloodthirsty, that he's now become the voice calling for escalation. I hope that Secretary Rubio could be a voice of caution and a voice of reason as the United States tries to find a way out of here. And in particular, I think Secretary Rubio has been rightly focused this whole time throughout this administration on trying to get China policy right. He hasn't always had the power to shape it, especially as we have the convergence of this war plus the president's trip to Beijing in mid May. I hope that Secretary Rubio can keep our China policy on track.
Interviewer
We have to run, Rebecca don't be a stranger. Congratulations on the impact you're having at the Council on Foreign Relations. Rebecca Lisner with Surviving Social Studies I
Podcast Narrator
love for many men, mental health challenges aren't recognized until they've already taken a toll. Work pressure, financial stress, changing relationships, and traditional expectations around masculinity can quietly wear men down, often without clear warning signs. In season three of the Visibility Gap, Dr. Guy Winch and his guests explore how these pressures show up, how to spot them earlier, and how men can access meaningful support. Listen to the new of the Visibility Gap, a podcast presented by Cigna Healthcare.
Date: April 7, 2026
Guest: Rebecca Lissner, Senior Fellow, US Policy, Council on Foreign Relations; former Biden administration official
Host: Bloomberg Interviewers
This episode centers on escalating U.S.-Iran tensions under President Trump, especially concerning the threatened closure of the Strait of Hormuz and Trump's ultimatum to Iran. The discussion, featuring CFR’s Rebecca Lissner, examines the White House’s crisis decision-making, the doctrine (or lack thereof) guiding U.S. policy, implications for global geopolitics, and the frayed state of alliances like NATO. Lissner provides both a behind-the-scenes look at power structures in the Trump administration and a bleak assessment of the strategic landscape.
"Social studies was a pressure cooker. ... a great grounding in how to think about the world."
— Rebecca Lissner [01:22]
“At the end of the day, it’s very clear that the president really only takes his own counsel.” [02:09]
“He’s going to bomb them back into the Stone Ages. ... Some would say that these could constitute war crimes.”
— Rebecca Lissner [03:04]
On the White House’s Internal Dynamics:
“It’s broken and busted ... only President Trump knows what he’s going to do.” — Rebecca Lissner [02:09]
On Military Threats to Iran:
“He’s threatened a new infrastructure day that takes on power plants and bridges. You know, some would say that these could constitute war crimes.” — Rebecca Lissner [03:04]
On the New Status Quo in Global Maritime Trade:
“I think we’ve entered a new normal.” — Rebecca Lissner [04:20]
On NATO:
“NATO has become a zombie alliance. ... It continues to exist on paper ... but who now really believes that President Trump would come to the defense of a NATO ally if attacked?” — Rebecca Lissner [06:58]
Caution for Rubio:
“I hope that Secretary Rubio could be a voice of caution and a voice of reason as the United States tries to find a way out of here.” — Rebecca Lissner [07:48]
Rebecca Lissner delivers a sobering, clear-eyed analysis of the current U.S. foreign policy morass—a White House with fractured counsel, an unstable global order, and alliances under severe strain. She points to the high strategic costs of Trump’s approach to Iran and the Middle East, the erosion of NATO’s credibility, and the urgent need for steady, moderate leadership—particularly from figures like Secretary Rubio—if the U.S. hopes to avoid deepening crises and strategic overreach.