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‘You can't do this in 20 hours’: Sherman on peace talks with Iran

April 26, 2026 7m 1,410 words
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About this transcript: This is a full AI-generated transcript of ‘You can't do this in 20 hours’: Sherman on peace talks with Iran, published April 26, 2026. The transcript contains 1,410 words with timestamps and was generated using Whisper AI.

"Let's bring in two top foreign policy experts right now. Richard Haas, former president of the Council on Foreign Relations, served in multiple Republican administrations. And Wendy Sherman, former deputy secretary of state, one of the top negotiators of the Iran nuclear deal during the Obama..."

[0:00] Let's bring in two top foreign policy experts right now. [0:02] Richard Haas, former president of the Council on Foreign Relations, served in multiple Republican administrations. [0:07] And Wendy Sherman, former deputy secretary of state, one of the top negotiators of the Iran nuclear deal during the Obama administration. [0:13] And, Wendy, let me begin with you. [0:15] You see both the president, President Trump, and the Iranian leaders claiming that they're winning this war. [0:21] Now that we've finished eight weeks so far, heading into the ninth week, how do you see this? [0:25] Where do things stand? [0:25] I think, George, that we see a stalemate between the United States and Iran. [0:32] We've just heard about the economic warfare that's going on. [0:36] We have actually a military standoff. [0:40] And, quite frankly, what this requires is really tough diplomacy. [0:46] There's no question that the United States has a credible threat of force. [0:49] But the blockade really blockades ourselves as well as Iran. [0:54] And the United States has to decide what it's willing to do to get back to these talks and really begin some true diplomacy. [1:03] You can't do this in 20 hours in one day. [1:06] This is a very complex negotiation. [1:09] You have to do it with experts. [1:10] You have to be ready to be in for a long haul to get a very complicated job done. [1:16] And the last point I want to make, as others have said, we are creating a situation which is really superpower suicide. [1:25] We have effectively given Russia a way forward to get money for its war against Ukraine. [1:31] We have put ourselves in a weaker position vis-à-vis the president's trip to China. [1:36] And we've put our allies and partners, both in the Gulf and in Europe, in difficult positions because of the decisions we have made. [1:44] Yeah, I want to get more on that in a moment first, Richard. [1:47] Which side has the clock working for them at this point? [1:50] I think it probably favors Iran a little bit more. [1:52] We've seen their resilience, George. [1:54] You know, they're under some pressure given how bad their economy is. [1:57] But we feel the time pressure, what you just talked about, the energy, the fact that the strait is closed, has growing effects. [2:04] And so far, we haven't seen them. [2:05] Stock markets are relatively sanguine. [2:08] Even energy prices, okay, gasoline's up a dollar. [2:11] But the last tankers to have left the region have now arrived at their ports. [2:15] That means now the supply shortages are going to kick in big time. [2:19] And over the next few weeks, you could see gas go up another dollar. [2:22] The idea of $5 a gallon of gasoline is not far-fetched. [2:26] So I actually think we feel the pressure slightly more than Iran. [2:29] And pick up on Wendy's point right there. [2:31] If you look at the global map right now, it appears that China's gaining from this. [2:36] Russia may be gaining from this. [2:37] NATO may be weakening. [2:39] Absolutely. [2:40] And when historians write about this, they're going to say this was an ill-advised war of choice. [2:45] Yes, Iran is conventionally weaker. [2:47] Its military forces are somewhat weaker. [2:49] But the cost, the economic cost, the cost to alliances, the cost to U.S. standing, American guarantees. [2:55] The local partners in the Gulf, they've been hurt by this war. [3:00] So I think history is going to properly be extremely critical about this war, about the assumptions we made going into it, [3:08] that Iran couldn't stand up, that it wasn't going to attack its neighbors, it wasn't going to close the Strait of Hormuz. [3:13] Every one of these assumptions has been proven wrong. [3:18] So we're winning, if you will. [3:19] It almost reminds me of Vietnam, George, the body counts. [3:21] We're winning in terms of the narrow military calculation. [3:24] But in the larger strategic sense, we're losing this war. [3:27] Wendy, you spent a lot of time negotiating with the Iranians. [3:30] What's your sense of who is in charge right now? [3:33] We've heard President Trump talk about the divisions there. [3:35] It's unclear who is leading the negotiations and who they're answering to. [3:40] So there's always been debate inside of Iran. [3:43] We tend to think, because there's a supreme leader, that it's ironclad. [3:47] But it's not. [3:48] It has politics. [3:49] But right now, what has happened is the Islamic Revolutionary Guard Corps is in full control. [3:55] The folks that I call the hard, hardliners are really dictating how we go forward. [4:01] Mushtaba Khamenei is probably alive. [4:05] But Vahidi, who is head of the commander of the IRGC, is probably calling the shots. [4:11] Abbas Arachi, who was my counterpart during the 2015 negotiations, now the foreign minister, [4:17] is very smart, very tough, knows every detail of this constant problem that we're facing [4:24] to make sure Iran never has a nuclear weapon. [4:26] And he has bona fides out of the revolution in 1979. [4:31] So he knows how to deal with this. [4:34] And Richard is quite right. [4:36] All the assumptions have been wrong here. [4:38] We have always gamed out that the Strait of Hormuz was a problem. [4:42] We have always gamed out that Iran could hit our partners in the Gulf. [4:47] The administration has not understood that this is a culture of resistance. [4:51] And Iran is not about to give up ever the things that it says is part of its national identity. [4:59] Yeah, and that means the right to enrich nuclear materials. [5:04] The president, and I wonder what you think about this. [5:06] President Trump keeps saying the objective is that Iran will not have a nuclear weapon. [5:10] They forswear that that's their goal. [5:12] They say it's not their goal. [5:13] Do you think the president understands that? [5:15] And is he looking for some wiggle room in the negotiations? [5:17] I hope he's looking for some wiggle room, because we're not going to get anywhere if we say that they don't have a right. [5:24] The United States has never believed that the nonproliferation treaty gives that right. [5:29] But President Obama was willing to allow Iran to have a very small civil enrichment program [5:35] under very intrusive monitoring and verification. [5:38] There is a way forward here. [5:41] I could even imagine that we suspend the blockade. [5:44] Iran suspends its closing the Strait of Hormuz during a negotiation for some agreed period to see if progress can be made. [5:54] But quite frankly, unless we are about to try to really engage in tough diplomacy, we're not going to get anywhere anytime soon. [6:02] Bill Burns has laid out in The New York Times editorial op-ed piece that, in fact, we could get Iran to suspend, perhaps, in Richmond for a period of time [6:13] and then maintain a very small program, again, under that intrusive monitoring. [6:19] There are solutions here, George, but they have to be negotiated, [6:24] and we have to have negotiators who have expertise at the table. [6:28] That hasn't happened so far. [6:29] That would be something similar to what President Obama negotiated. [6:33] Richard, you this week laid out three possible courses, either escalation, drift, or some kind of negotiations leading to the deal. [6:39] Which is most likely right now? [6:41] Right now, in the short run, probably drift. [6:43] I think we're going to be stuck with some version of the status quo where the straits are closed, formal talks aren't happening. [6:49] I think, George, though, since escalation makes no sense, neither side would benefit from it. [6:55] We're running out of targets. [6:56] The last thing we want to see is Iran resume its attacks against the energy infrastructure of its neighbors. [7:02] I think at some point, the logic economically, neither side benefits from drift from the status quo. [7:08] I think that pushes us towards negotiations. [7:10] And the sort of thing Wendy talked about is the basics of a deal. [7:13] The blockade, which I argued for, what, five, six weeks ago, was always a means to an end. [7:17] It was to get Iran to lift, or at least temporarily, its control of the strait. [7:21] And the nuclear, we're not going to get Iran zero in the nuclear business. [7:25] What we want to do is have a ceiling on what it's able to do, and we want to be able to inspect it. [7:30] I guess the question is, is President Trump ready to accept that? [7:32] I don't think, well, the answer is, if he doesn't accept that, then we have drift, which means the straits remain closed, [7:38] which is an economic disaster for the world and the United States. [7:41] Thank you both for your time this morning.

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