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It's a moment of opportunity for
the Israelis, and they've got 

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the president they want in the 
White House in their corner, so 

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they're gonna do as much damage 
as they can, I think, for as 

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long as they can. 
Iran and Israel are motivated by

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this existential threat that 
they perceive. 

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And so that's what's dangerous. 
And that there could be a a 

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misstep, A miscalculation, and 
then we're climbing the 

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escalation ladder even faster 
and furiously in a way that we 

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can't now predict. 
How close do the international 

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agencies say Iran had got to 
being able to deliver a nuclear 

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weapon? 
Worryingly close. 

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Hello and welcome to the 
forecast as simmering tensions 

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between Israel and Iran explode 
in a barrage of missiles and 

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drones that have killed a number
of Iranian nuclear scientists 

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and military leaders, including 
the head of the country's 

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powerful Revolutionary Guard. 
Nuclear enrichment facilities 

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were also targeted. 
Despite ongoing talks between 

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Iran and the US over its nuclear
programme, President Trump said 

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he gave Tehran chance after 
chance and urged Iran to make a 

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deal. 
Iran retaliated with 100 drones 

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fired into Israel with more 
promise. 

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But so far, all of them seem to 
have been shot down. 

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So what is Israel's next move 
with Prime Minister Netanyahu 

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saying strikes could continue 
for as many days as it takes? 

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To discuss this, I'm joined by 
our very own Jonathan Rugman and

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from the defense think tank 
RUSI, its senior research fellow

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in Middle East security, Burju 
Oschelik. 

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Jonathan, first of all, what 
have they done? 

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How much damage did we think 
they have done to Iran's 

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infrastructure? 
Well, Prime Minister Netanyahu 

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of Israel is saying that this 
operation will take as long as 

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it takes. 
So it's still open-ended, which 

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means that the Israelis 
themselves have not assessed how

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much damage has been done. 
As we speak, more targets are 

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being attacked. 
And I think the Prime Minister 

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of Israel views this almost as a
once in a lifetime opportunity. 

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He's been talking about doing 
this for about 15 years. 

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And I remember during the 2012 
Olympics in in in the UK, 

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British intelligence officials 
saying their biggest 

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geopolitical warriors far back 
as then was Israel attacking 

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Iran. 
So now it's happened. 

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It's a moment of opportunity for
the Israelis because they've had

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this critical report from the 
nuclear energy watchdog in in 

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Vienna and they've got the 
president they want in the White

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House in their corner. 
So they're going to do as much 

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damage as they can, I think, for
as long as they can. 

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And perhaps the only break on 
this won't be how Iran responds 

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militarily against Israel 
because it seems to have been 

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pretty ineffective so far. 
But the thing might be to watch 

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would be the oil price and what 
happens in the Gulf and whether 

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this becomes more of a global 
energy security issue. 

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But you while we wait to see the
bomb damage assessment and work 

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out what they've hit and what 
they haven't hit yet, what what 

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we know they've done is they 
have taken out some very, very 

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senior figures in the Iranian 
military, in the Revolutionary 

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Guard. 
And these are big totemic 

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people. 
I mean, what's the impact of 

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that? 
I think the impact is 

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significant and the concern is 
that there could be more 

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targeted assassinations planned 
in the coming days or weeks. 

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My sense is that they're they're
the planning, the coordination, 

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the intelligence gathering 
behind this operation has been 

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ongoing for quite some time. 
And this is not sort of a knee 

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jerk reaction by any means. 
There's been years in the making

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and we've already seen in the 
scale and the geographic reach 

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of the, the targeted operation 
that began last night, a high 

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level of intelligence 
penetration, I think in country.

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So the Iranians will have to get
a sense of how this happened 

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from the from the inside. 
It is humiliating and the, and 

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Tehran will be under immense 
pressure domestically to to 

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retaliate, to respond 
effectively. 

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But again, there's very delicate
balance there because if they 

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push too hard, if they go too 
far, how much more can Iran 

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take? 
How much more of an attack can 

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it absorb from from Israel I 
mean. 

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These are big, significant 
totemic people for for much of 

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the population in Iran. 
I mean, you know, when Soleimani

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was killed, you know, huge 
outpouring. 

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You go there, there's a big 
statue and they've done it 

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several times over this time. 
So so I mean, there's the 

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political impact, but what is 
the sort of the military impact?

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I mean, how important are they, 
those figures, head of the army,

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the head of a Revolutionary 
Guard, to actually deciding what

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Iran does? 
Well, it limits the strategic 

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decision making capability and 
the quick turn around that would

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00:04:39,280 --> 00:04:42,320
be required to act decisively in
a moment like this. 

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There is the the, the, the 
prestige, the status, the 

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reputational issue, of course of
losing key figures in the IRGC, 

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the military commander and 
deputies. 

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And we don't know how far Israel
will continue to push, whether 

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there it could involve other 
political leaders. 

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And these are recognizable names
on on the streets in Iran. 

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So this fact of the 
embarrassment, I think will not 

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00:05:05,440 --> 00:05:09,360
be lost upon the people. 
Iranian public opinion is, as we

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00:05:09,360 --> 00:05:13,000
know, very divided. 
So we have the hardliners to use

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that expression who will want a 
strong and decisive response and

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others who are critical of the 
regime and may see this as an 

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opportunity, a window perhaps to
push for political change 

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00:05:24,320 --> 00:05:27,200
domestically. 
But we're not there yet in my 

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view. 
I mean, it's tempting to say, 

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OK, so Iran and Israel are at 
war, but that they're not really

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at war, are they? 
Because what Iran has done so 

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far is very limited. 
Yes, and we found out last year 

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when Israel attacked Iran much 
less decisively and Iran 

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responded and did very little 
damage. 

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The drones achieved almost 
nothing inside and the missiles 

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inside Israel itself. 
And so the question we have to 

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ask ourselves is, is Iran now a 
paper tiger? 

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Is it now so weak that it can't 
really respond militarily in any

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conventional sense? 
So what does it do? 

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It might think about asymmetric 
warfare. 

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It might have sleeper cells in 
Europe that it could activate, 

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attack Jewish civilian targets 
or embassies. 

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We just don't know. 
But the biggest card it has to 

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play is, I think, the energy 
card. 

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And it, and it, it, if it puts a
chokehold on the Gulf, makes the

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flow of energy to the world's 
major markets that much more 

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difficult, then we all start to 
feel it, you know, prices, 

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energy prices go up, inflation 
goes up. 

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Now, I'm not suggesting they're 
going to do that. 

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I don't know what they're going 
to do. 

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And they, they must be thinking 
about that right now. 

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But, but we don't yet, know, do 
we, whether Iran is incapable of

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hitting back with ballistic 
missiles the way it did before 

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because Israel has taken them 
out effectively, or whether it 

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just has chosen not to because 
there's a, there's a calculation

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here, isn't there? 
In that Iran, Israel has done 

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this by itself. 
It hasn't done this with 

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American military power joining 
in yet, but it obviously wants 

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the Americans to join in and for
that to happen, I guess they are

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hoping that there will be a 
bigger Iranian military 

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response. 
Well, that's assuming that 

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Israel is actually in the 
business of regime change and 

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and it really wants to go all 
the way. 

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I mean, my suspicion is that, 
you know, Israeli security 

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officials call this mowing the 
grass. 

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That's the phrase they use. 
So they're mowing the grass in 

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Iran. 
They are making this once in a 

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lifetime opportunity to do as 
much damage as possible over the

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next few days, possibly into 
next week, and we don't know. 

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I don't think that necessarily 
means that the Israelis want the

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ayatollahs to fall. 
And I don't think the Americans 

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want that. 
I don't think Donald Trump wants

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that. 
He wants he wants a deal. 

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But Israeli weapons can't reach 
all of the Iranian nuclear 

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facilities at the moment, can 
they? 

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We don't know precisely what 
they can reach. 

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I mean, the, the war against 
Hezbollah in Lebanon last year 

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suggested that they now have the
kind of military technology that

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they didn't have a decade ago, 
which could penetrate, you know,

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00:08:02,040 --> 00:08:05,360
bunker busting bombs, get deep 
underground in the way that they

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assassinated Sheikh Nasrallah, 
the, the, the leader of 

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Hezbollah. 
Now, the, the, the, the, the 

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danger for Israel, I suppose, is
that this mowing the grass 

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operation doesn't achieve very 
much. 

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And I think that's why they will
make it as prolonged as they can

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to achieve as many targets as 
they can until President Trump 

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says enough is enough. 
So how, how close do the 

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00:08:31,320 --> 00:08:36,559
international agency say Iran 
had got to being able to deliver

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00:08:36,559 --> 00:08:39,039
a nuclear weapon? 
Worryingly close. 

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00:08:39,240 --> 00:08:41,600
I think the statement earlier 
this week was the, was the 

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00:08:41,600 --> 00:08:46,240
harshest condemnation of of Iran
in in in 20 years and. 

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We should have known this was 
coming because Israel was sort 

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of tweeting away those those 
reports furiously very much. 

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So As for. 
What they? 

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Were gonna do it, wasn't it? 
Wasn't a surprise, I think for 

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close watchers, I think the 
timing of the attacks raise some

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00:09:00,360 --> 00:09:03,320
questions because the the 
nuclear talks between the US and

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00:09:03,320 --> 00:09:06,400
Iran of selected by Oman, of 
course, have been ongoing. 

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00:09:06,640 --> 00:09:09,280
The next round was due to take 
place this this weekend. 

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So the timing is perhaps 
surprising. 

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But again, we've been hearing 
for months now, if not years 

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that from the from Israel that 
this is a strategic window of 

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00:09:18,840 --> 00:09:21,040
opportunity. 
It's an unmissable historic 

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00:09:21,040 --> 00:09:23,200
moment. 
And I think President Trump 

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00:09:23,680 --> 00:09:26,440
resisted the temptation to go 
along with this. 

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There is a sense at the moment 
that he could still be hoping 

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that this creates A leverage to 
bring Iran back to the table. 

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And they're really leaning it 
hard into this hard power 

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00:09:37,280 --> 00:09:41,880
basically to to decimate Iranian
the the military commands 

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potentially into humiliate the 
regime in front of the public. 

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When you say very close, I mean 
what do you mean? 

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I mean, you mean weeks? 
It's been hotly debated, hasn't 

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it? 
It's, it's weeks, months up to a

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year, but it's close. 
And Prime Minister Netanyahu's 

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00:09:58,120 --> 00:10:01,800
statements even as as recent as 
last night said that Iran could 

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00:10:01,800 --> 00:10:05,160
be a year away from from from 
building the bomb. 

188
00:10:05,440 --> 00:10:08,920
I think from the Iranian 
perspective, being seen as a 

189
00:10:09,000 --> 00:10:13,560
nuclear threshold state, it's a 
it's a source of deterrence and 

190
00:10:13,560 --> 00:10:16,040
they wanted desperately to be 
able to hold on to that. 

191
00:10:16,320 --> 00:10:19,240
But how close they actually got 
we, we don't know. 

192
00:10:19,240 --> 00:10:20,760
We don't have enough visibility 
on it. 

193
00:10:20,960 --> 00:10:26,440
But the concern now is that with
Iran potentially walking away 

194
00:10:26,440 --> 00:10:30,680
from the the non proliferation 
treaty, the NPT, there will be 

195
00:10:30,680 --> 00:10:36,440
less access by the International
Atomic Energy Agency to monitor,

196
00:10:36,440 --> 00:10:40,240
to verify what Iran is doing, 
particularly the threat of 

197
00:10:40,240 --> 00:10:44,480
undisclosed sites, hidden sites 
across Iran, uranium enrichment 

198
00:10:44,480 --> 00:10:47,120
sites. 
We will have less insights now 

199
00:10:47,120 --> 00:10:49,880
potentially into what Iran is 
actually up to. 

200
00:10:50,040 --> 00:10:53,600
And this creates this lack of 
visibility, creates a new layer 

201
00:10:53,760 --> 00:10:55,880
of complexity going going 
forward. 

202
00:10:56,080 --> 00:10:58,880
So it very much is, I think, an 
issue of mowing the lawn. 

203
00:10:59,040 --> 00:11:03,400
And we have said that if Israel 
attacks Iranian nuclear 

204
00:11:03,400 --> 00:11:07,360
facilities, it will likely be 
unable to take dismantle the 

205
00:11:07,360 --> 00:11:10,360
program out completely, that 
this will require ongoing 

206
00:11:10,360 --> 00:11:13,480
persistent strikes over time. 
And what is the level of 

207
00:11:13,480 --> 00:11:16,640
commitment that the US is 
willing to to provide to that? 

208
00:11:16,640 --> 00:11:18,000
That is a big question now. 
And. 

209
00:11:18,280 --> 00:11:21,000
And, and the gamble that you 
have with the, you know, with 

210
00:11:21,000 --> 00:11:24,360
the, with hitting them every 
couple of years is that you, you

211
00:11:24,360 --> 00:11:28,120
don't, as you say, really know 
how far along they are. 

212
00:11:28,120 --> 00:11:31,240
You don't know what their new 
sites deep underground are 

213
00:11:31,600 --> 00:11:33,440
achieving. 
And they could be a lot closer 

214
00:11:33,440 --> 00:11:36,600
to it than anybody thinks. 
And that's, that's the fear. 

215
00:11:36,680 --> 00:11:38,720
That's a great fear. 
So will this now this 

216
00:11:38,720 --> 00:11:42,680
embarrassment, this, this the 
attack on their reputation 

217
00:11:42,920 --> 00:11:48,080
regionally as well, will this 
now spur Iran on to accelerate 

218
00:11:48,200 --> 00:11:51,480
its program for a bomb? 
That's that's the question. 

219
00:11:51,480 --> 00:11:54,000
But at the same time, from the 
Israeli security perspective, 

220
00:11:54,280 --> 00:11:57,960
the point of view is we're not 
only trying to dismantle their 

221
00:11:57,960 --> 00:12:01,720
ability to become a nuclear 
state, but we're also taking out

222
00:12:01,720 --> 00:12:04,360
their ability to retaliate, to 
hit us back hard. 

223
00:12:04,680 --> 00:12:08,000
Even this morning there were 
news stories about attacks on 

224
00:12:08,040 --> 00:12:11,640
Iranian air bases, ballistic 
missile sites, for example. 

225
00:12:11,760 --> 00:12:14,040
So it's not only the nuclear 
facilities that have been 

226
00:12:14,040 --> 00:12:17,400
targeted, but it's a political 
military leadership and also the

227
00:12:17,400 --> 00:12:20,120
ballistic missile program. 
It's the ability of Iran to hit 

228
00:12:20,120 --> 00:12:23,200
back hard that that Israel is 
now targeting as well. 

229
00:12:23,200 --> 00:12:25,240
I. 
Mean they they may also have 

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00:12:25,240 --> 00:12:30,040
targeted the them effectively 
politically because if the 

231
00:12:30,040 --> 00:12:33,600
Iranian leadership has been 
humiliated, key leaders have 

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00:12:33,600 --> 00:12:41,680
been taken out, how close are 
they to igniting a home grown 

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00:12:42,080 --> 00:12:44,560
rebellion and defiance of the 
regime? 

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00:12:44,560 --> 00:12:46,000
And how? 
How feasible is that? 

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00:12:46,520 --> 00:12:50,680
Well, Benjamin Netanyahu in his 
speech this morning sort of said

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00:12:50,680 --> 00:12:52,600
my war is not with the Iranian 
people. 

237
00:12:52,600 --> 00:12:55,160
And, and, you know, hopefully, I
mean, he, he'd be more or less 

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00:12:55,160 --> 00:12:57,960
said, you know, one day we hope 
that you, you overthrow your 

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00:12:57,960 --> 00:12:59,800
leaders. 
I mean, he came pretty close to 

240
00:12:59,800 --> 00:13:03,120
saying that. 
I think it's, well, we've just 

241
00:13:03,120 --> 00:13:06,120
found out in Syria, haven't we, 
We, how unpredictable these 

242
00:13:06,120 --> 00:13:09,320
things are, how movements can 
spring up within a matter of 

243
00:13:09,320 --> 00:13:12,840
days. 
I think it's too early to say 

244
00:13:13,000 --> 00:13:16,280
how close that moment is. 
I mean, the revolution is long 

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00:13:16,280 --> 00:13:19,080
in the tooth. 
It's been there since 1979, the 

246
00:13:19,080 --> 00:13:23,360
Islamic Revolution. 
And it's there's an enormous 

247
00:13:23,360 --> 00:13:26,240
amount of economic hardship in 
Iran. 

248
00:13:26,240 --> 00:13:27,760
And still a huge amount of 
suppression. 

249
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And. 
Of of all dissent. 

250
00:13:29,960 --> 00:13:31,440
And a huge amount of 
suppression. 

251
00:13:31,440 --> 00:13:35,440
So, but you know, what's the 
other way of looking at it is, 

252
00:13:35,440 --> 00:13:38,480
you know, what is going to unite
Iranians might be actually what 

253
00:13:38,480 --> 00:13:43,320
Israel does in a way that 
internal dissent, you know, is a

254
00:13:43,320 --> 00:13:46,120
is a different kettle of fish, 
if you see what I mean. 

255
00:13:46,120 --> 00:13:48,040
So I think, I think we just 
don't know. 

256
00:13:48,320 --> 00:13:51,000
How, how does Iran position 
itself in terms of why it wants 

257
00:13:51,000 --> 00:13:53,200
a nuclear weapon? 
I mean, Israel has always been 

258
00:13:53,200 --> 00:13:56,680
very, very clear that they view 
it as an existential threat 

259
00:13:56,680 --> 00:14:00,520
because they firmly believe Iran
wants to wipe Israel off the 

260
00:14:00,520 --> 00:14:03,040
map. 
Now you go to Iran and they say,

261
00:14:03,120 --> 00:14:05,720
well, no, we don't, we don't, 
you know, quite the opposite. 

262
00:14:05,720 --> 00:14:07,680
We don't want to destroy Iran. 
We Israel. 

263
00:14:07,680 --> 00:14:10,840
We want Israel to be a genuine 
democracy and to represent all 

264
00:14:10,840 --> 00:14:14,480
the people of the of of of the. 
Place well, it's a risk of a big

265
00:14:14,680 --> 00:14:16,960
over generalisation. 
I think there is something quite

266
00:14:16,960 --> 00:14:19,800
similar between the Israeli and 
Iranian psyches and that they 

267
00:14:19,800 --> 00:14:25,840
both have a a sense of great 
fear of being being annihilated.

268
00:14:25,840 --> 00:14:28,200
I mean, it's it, it and both of 
them think that. 

269
00:14:28,360 --> 00:14:32,280
So I, I don't think it's. 
And I think therefore the 

270
00:14:32,280 --> 00:14:36,160
Iranian nuclear program springs 
from something that is as much 

271
00:14:36,720 --> 00:14:40,000
Iranian as anything else to do 
with with Israel. 

272
00:14:40,320 --> 00:14:44,800
It's been interesting to see the
Saudis condemning these Israeli 

273
00:14:44,800 --> 00:14:48,200
attacks because there's no love 
lost between the Saudis and the 

274
00:14:48,200 --> 00:14:49,840
Iranians. 
But nevertheless, I mean, the 

275
00:14:50,160 --> 00:14:52,280
Saudis are quite capable of 
speaking out of both sides of 

276
00:14:52,280 --> 00:14:53,800
the mouth. 
They'll be, they'll be pleased 

277
00:14:53,800 --> 00:14:56,640
that the Iranian nuclear program
has been set back as a potential

278
00:14:56,640 --> 00:14:59,320
threat to Saudi Arabia. 
But at the same time, it's an 

279
00:14:59,320 --> 00:15:02,920
enormous, the front to, you 
know, peace and stability in the

280
00:15:02,920 --> 00:15:04,200
region. 
I mean, just on that, what? 

281
00:15:04,200 --> 00:15:05,720
Because, I mean, you're a big 
Saudi watcher. 

282
00:15:05,720 --> 00:15:08,640
I mean, Saudi's been very, very 
close to the United States. 

283
00:15:08,840 --> 00:15:11,240
But it seems, as you say, to 
have improved its relationship 

284
00:15:11,240 --> 00:15:15,200
with Iran recently to the point 
to which it is a, you know, it 

285
00:15:15,240 --> 00:15:20,440
is condemning these Israeli 
strikes despite Saudi Arabia and

286
00:15:20,440 --> 00:15:23,320
Israel having quite a long 
history in recent years of 

287
00:15:23,320 --> 00:15:24,840
trying to improve their 
relationship. 

288
00:15:25,240 --> 00:15:26,760
What's going on? 
I mean this is 3 dimensional 

289
00:15:26,760 --> 00:15:28,920
chairs. 
Yeah, I think, I think the war 

290
00:15:28,920 --> 00:15:31,920
in Gaza has has completely 
scuppered any attempt at 

291
00:15:31,920 --> 00:15:35,160
reconciliation between Saudi 
Arabia and and and Iran, Saudi 

292
00:15:35,160 --> 00:15:37,920
Arabia, Israel, Saudi Arabia 
still doesn't recognize Israel. 

293
00:15:37,920 --> 00:15:40,560
Normalization with Israel is 
still a very long way off. 

294
00:15:41,120 --> 00:15:45,240
And actually what's happened 
with Iran may even make that an 

295
00:15:45,240 --> 00:15:49,400
even longer process. 
And so in terms of Trump looking

296
00:15:49,400 --> 00:15:52,040
around the globe and thinking 
about the deals that he can 

297
00:15:52,040 --> 00:15:57,360
strike, you know, Ukraine not 
going well, Gaza not going well 

298
00:15:57,960 --> 00:16:02,480
now, you know, a, a, a nuclear 
disarmament deal with Iran 

299
00:16:02,480 --> 00:16:04,960
arguably not going well either. 
I mean, the big question is 

300
00:16:04,960 --> 00:16:08,760
will, will the Iranians do what 
Trump wants and fall into line 

301
00:16:08,760 --> 00:16:12,080
and, and actually say we are, 
you know, effectively say we are

302
00:16:12,080 --> 00:16:15,520
now such a paper tiger. 
We, we are now so powerless that

303
00:16:15,520 --> 00:16:19,640
we will do what you want just to
stop a, a, a much wider 

304
00:16:19,640 --> 00:16:21,200
conflict. 
But there's an enormous pressure

305
00:16:21,200 --> 00:16:23,840
from inside the country to do 
the opposite and to strike back.

306
00:16:24,240 --> 00:16:27,120
What do you make of that? 
Well, just on the point about 

307
00:16:27,120 --> 00:16:30,680
Saudi Iran normalization, which 
has been underway for for some 

308
00:16:30,680 --> 00:16:35,200
time, this matters a great deal.
And it's also a natural barrier 

309
00:16:35,200 --> 00:16:39,000
or serves as a restraint on 
Iranian retaliation that would 

310
00:16:39,000 --> 00:16:42,720
involve Gulf energy 
installations or the OR the 

311
00:16:42,720 --> 00:16:46,680
Strait of Hormuz, for example. 
Saudi and other Gulf countries 

312
00:16:46,840 --> 00:16:49,760
are firmly opposed to being 
dragged into this direct 

313
00:16:49,760 --> 00:16:52,200
military confrontation between 
Iran and Israel. 

314
00:16:52,200 --> 00:16:56,160
So this matters a great deal. 
If Iran were to go there, I 

315
00:16:56,160 --> 00:16:59,520
think it would be a matter of 
last resort that they are so 

316
00:16:59,520 --> 00:17:02,480
cornered that there are no 
alternatives because to blow up 

317
00:17:02,480 --> 00:17:05,640
the energy infrastructure in the
Gulf would be to destroy the 

318
00:17:05,640 --> 00:17:09,640
relationship with Saudi Arabia. 
At a time when Israel is viewed 

319
00:17:09,640 --> 00:17:13,520
to be extremely diplomatically 
isolated in the region and is 

320
00:17:13,520 --> 00:17:16,200
acting on its own, it's been 
described by by many in the 

321
00:17:16,200 --> 00:17:19,119
region as as now a rogue state. 
What's really fascinating is 

322
00:17:19,119 --> 00:17:23,680
that both Iran and Israel are 
motivated by this existential 

323
00:17:23,680 --> 00:17:27,599
threat that they perceive. 
And so that's what's dangerous 

324
00:17:27,599 --> 00:17:31,160
and that there could be a 
misstep, A miscalculation, and 

325
00:17:31,920 --> 00:17:34,480
and then we're climbing the 
escalation ladder even even 

326
00:17:34,480 --> 00:17:37,960
faster and furiously in a way 
that we can't now predict. 

327
00:17:38,680 --> 00:17:43,080
But in terms of Iran Gulf 
normalization, this means that 

328
00:17:43,080 --> 00:17:46,760
Iran's options are limited, are 
more limited than they would 

329
00:17:46,760 --> 00:17:49,440
have been a few years ago 
because there will be backlash 

330
00:17:49,440 --> 00:17:53,120
against the Iranian regime if 
they were to attack, if they 

331
00:17:53,120 --> 00:17:58,160
were to damage energy, energy 
infrastructure and and the price

332
00:17:58,160 --> 00:18:00,920
of oil would would escalate. 
It hasn't yet. 

333
00:18:00,920 --> 00:18:04,120
Thus far, energy prices have not
spiked. 

334
00:18:04,160 --> 00:18:06,000
They did, but then they then 
they retreated. 

335
00:18:06,000 --> 00:18:07,840
So I think this is the initial 
reaction. 

336
00:18:07,840 --> 00:18:10,760
Now markets are waiting to see 
what will happen over the next 

337
00:18:10,760 --> 00:18:15,240
few days and just how bad the 
scenario can can can develop. 

338
00:18:15,400 --> 00:18:18,600
Now, as Jonathan says, I mean, 
Netanyahu has been wanting to do

339
00:18:18,600 --> 00:18:21,680
this for years and years and 
years, and other Israeli leaders

340
00:18:21,840 --> 00:18:24,400
have as well. 
But there are lots of domestic 

341
00:18:24,400 --> 00:18:29,240
political reasons and actually 
diplomatic reasons why Netanyahu

342
00:18:29,240 --> 00:18:30,800
would want to do this right now,
aren't there? 

343
00:18:31,520 --> 00:18:34,960
Yes, certainly. 
What's interesting is that both 

344
00:18:35,000 --> 00:18:39,280
Israel and Iran face stiff 
domestic resistance and and 

345
00:18:39,280 --> 00:18:41,640
opposition. 
From Netanyahu's point of view, 

346
00:18:41,640 --> 00:18:46,640
this is a long standing almost, 
I won't say fixation, but it's 

347
00:18:46,640 --> 00:18:50,880
certainly seen as an issue of 
national interest that is deeply

348
00:18:50,880 --> 00:18:53,880
connected to Netanyahu's own 
political ambitions, but also 

349
00:18:53,880 --> 00:18:57,720
exceeds them in a way as well. 
Taking out nuclear, Iran's 

350
00:18:57,720 --> 00:19:01,640
nuclear ambitions is a long 
standing Israeli desire, the way

351
00:19:01,640 --> 00:19:03,760
that they define their national 
interests. 

352
00:19:04,440 --> 00:19:08,160
In terms of timing, of course 
there's the the 60 day deadline 

353
00:19:08,160 --> 00:19:11,640
that Trump had set that passed 
this week. 

354
00:19:12,320 --> 00:19:14,280
And I think from the Israeli 
perspective, they are now 

355
00:19:14,280 --> 00:19:16,760
defending that timeline and it 
has passed. 

356
00:19:16,760 --> 00:19:20,240
And so this is now a call to 
action that is seen as as being 

357
00:19:20,240 --> 00:19:23,880
justifiable. 
But it's very unclear as to 

358
00:19:23,880 --> 00:19:26,640
whether this will push the 
Iranians back to the negotiating

359
00:19:26,640 --> 00:19:28,840
table. 
But, but I mean, Netanyahu knows

360
00:19:28,840 --> 00:19:31,760
that both his internal critics 
and his external critics will 

361
00:19:31,760 --> 00:19:36,640
tend to see the Iran issue and 
the Gaza issue, around which 

362
00:19:36,640 --> 00:19:39,000
he's drawing huge amounts of 
criticism, is very, very 

363
00:19:39,000 --> 00:19:42,440
different. 
And and while he's he's under 

364
00:19:42,440 --> 00:19:45,360
fire from former prime 
ministers, political opposition,

365
00:19:45,480 --> 00:19:48,320
his his own population who 
wanted to settle that war 

366
00:19:48,880 --> 00:19:51,480
quickly, and he's under pressure
from Britain and France and 

367
00:19:51,480 --> 00:19:56,960
Canada over Gaza. 
This is an issue around which 

368
00:19:57,040 --> 00:19:59,280
all of those critics suddenly 
go, oh, OK, fine. 

369
00:19:59,280 --> 00:20:01,400
You gotta well. 
Up to a point, Chris, I mean, 

370
00:20:01,600 --> 00:20:04,240
it's interesting that Benny 
Gantz, 1 of Netanyahu main 

371
00:20:04,240 --> 00:20:07,800
rivals has come out with full 
support for Netanyahu. 

372
00:20:07,800 --> 00:20:09,480
So you're right. 
There's, you know, this, this is

373
00:20:09,480 --> 00:20:12,560
a, if it's an existential threat
that we're talking about. 

374
00:20:12,560 --> 00:20:15,640
Existential threats tend to 
bring people together, don't 

375
00:20:15,640 --> 00:20:17,680
they? 
But on the international front, 

376
00:20:17,680 --> 00:20:22,440
it's an interesting one for the 
UK because last year British 

377
00:20:22,440 --> 00:20:26,000
jets were involved in protecting
Israel from Iranian attacks. 

378
00:20:26,400 --> 00:20:27,920
Are they going to get involved 
this time? 

379
00:20:28,720 --> 00:20:29,960
Well, they've said no. 
They've they've, they've 

380
00:20:30,000 --> 00:20:32,440
explicitly said that they 
weren't involved in defending 

381
00:20:32,440 --> 00:20:33,320
Israel. 
Haven't they? 

382
00:20:33,320 --> 00:20:35,320
Not so far. 
But, you know, we don't know 

383
00:20:35,320 --> 00:20:37,760
whether there's going to be an 
intensification of, of the 

384
00:20:37,760 --> 00:20:40,240
attacks that perhaps the 
Iranians didn't launch last last

385
00:20:40,240 --> 00:20:42,800
year or in fact, whether the 
Iranians have shown that they 

386
00:20:42,800 --> 00:20:44,840
don't have very much the damage 
that they can do. 

387
00:20:45,360 --> 00:20:48,120
And I think it will be quite 
possible for the for the Brits 

388
00:20:48,120 --> 00:20:50,600
to sit this one out in the sense
that I mean, these the Israelis 

389
00:20:50,600 --> 00:20:55,000
have already proved what, what 
they can do ostensibly on their 

390
00:20:55,000 --> 00:20:56,960
own. 
No doubt there was some U.S. 

391
00:20:56,960 --> 00:21:00,760
intelligence involved, certainly
US more than US awareness, 

392
00:21:01,000 --> 00:21:03,400
because every time Israel does 
anything in the Middle East, the

393
00:21:03,400 --> 00:21:07,400
Americans have to be informed 
for the safety of U.S. troops, 

394
00:21:07,560 --> 00:21:15,040
US aircraft carriers and so on. 
So arguably this the point of 

395
00:21:15,040 --> 00:21:18,120
sort of maximum pressure from 
the Brits over the Gaza issue. 

396
00:21:18,280 --> 00:21:22,360
Yes, it's possible the Brits get
sucked into defending Israel 

397
00:21:22,360 --> 00:21:24,280
from Iran. 
Well, we've already seen Macron 

398
00:21:24,280 --> 00:21:26,880
sort of flipping the script. 
You know, he's been hugely 

399
00:21:26,880 --> 00:21:31,520
critical of Israel over Gaza, 
but he comes around on side when

400
00:21:31,520 --> 00:21:34,440
it comes to Iran. 
Yes, and, and, and, you know, 

401
00:21:34,480 --> 00:21:38,080
Netanyahu is often several steps
ahead of everybody else in in, I

402
00:21:38,080 --> 00:21:40,120
think thinking through how these
things are going to play out. 

403
00:21:40,160 --> 00:21:41,960
What, what does this tell us 
about the relationship with 

404
00:21:41,960 --> 00:21:44,000
America as well? 
I mean, what, what we've seen in

405
00:21:44,000 --> 00:21:47,480
reality is American president 
after American president unable 

406
00:21:47,960 --> 00:21:50,520
to really tell Netanyahu what to
do. 

407
00:21:51,120 --> 00:21:52,520
Is that what's happened here 
again? 

408
00:21:53,960 --> 00:21:56,200
Well, the issue is that, you 
know, over the past few weeks, 

409
00:21:56,200 --> 00:21:58,720
we've been hearing a lot about 
there being this divide between 

410
00:21:58,720 --> 00:22:01,040
Netanyahu and Trump, that they 
had fallen out, that Trump 

411
00:22:01,040 --> 00:22:03,720
wasn't pleased with the way in 
which Netanyahu was handling 

412
00:22:03,960 --> 00:22:07,000
Gaza, that there was a lack of a
ceasefire on the ground, that 

413
00:22:07,000 --> 00:22:10,800
the situation was deteriorating 
rapidly and, and, and, and Trump

414
00:22:10,800 --> 00:22:12,000
wanted to end it because, I 
mean. 

415
00:22:12,000 --> 00:22:15,480
Trump said openly this week he 
didn't want Israel to hit Iran. 

416
00:22:15,960 --> 00:22:19,880
That's right. 
But at the same time, Trump is 

417
00:22:19,960 --> 00:22:24,880
is also restrained in that he 
has his own base is divided into

418
00:22:24,880 --> 00:22:27,080
the MAGA camp, right. 
And in terms of the 

419
00:22:27,080 --> 00:22:31,000
isolationists and those who are 
more hawkish with respect to 

420
00:22:31,080 --> 00:22:34,040
Iran policy. 
And so there will be those who 

421
00:22:34,360 --> 00:22:39,640
not publicly but discreetly are 
in favour of humiliating Iran in

422
00:22:39,640 --> 00:22:42,760
this way of dismantling or at 
least eroding its nuclear 

423
00:22:42,760 --> 00:22:45,600
program significantly and buying
time. 

424
00:22:45,920 --> 00:22:49,400
A weaker Iran is dangerous 
because it's it's more 

425
00:22:49,400 --> 00:22:53,520
unpredictable. 
But also could it open the door 

426
00:22:53,520 --> 00:22:56,640
for negotiations? 
I think it's too soon to tell. 

427
00:22:56,840 --> 00:23:01,160
We don't have any idea of what 
an off ramp would look like for 

428
00:23:01,280 --> 00:23:05,200
any type of face saving measure 
for Iran to walk back from this.

429
00:23:06,160 --> 00:23:09,640
The argument could be made that 
the regime is is doing it in 

430
00:23:09,640 --> 00:23:12,320
favor in for the sake of 
avoiding all out regional 

431
00:23:12,320 --> 00:23:14,760
escalation. 
But at the same time the 

432
00:23:14,760 --> 00:23:18,920
pressure to act domestically. 
On the US side though, I think 

433
00:23:18,920 --> 00:23:22,360
again very divided, much like 
the domestic, the constituencies

434
00:23:22,360 --> 00:23:26,240
in in Israel and Iran, the US 
base is also divided as to where

435
00:23:26,240 --> 00:23:29,880
they stand on, on Israel and 
Iran. 

436
00:23:31,840 --> 00:23:35,360
Yeah. 
I mean, I think the Iranians are

437
00:23:35,360 --> 00:23:38,720
really in a corner now because 
they've got to be seen to be 

438
00:23:38,720 --> 00:23:41,520
doing something. 
But what? 

439
00:23:41,920 --> 00:23:45,480
And do they really want to 
escalate the situation into an 

440
00:23:45,480 --> 00:23:47,960
attack on Israel, which is so 
successful? 

441
00:23:48,080 --> 00:23:52,120
If it is successful, that brings
America in to a wider conflict. 

442
00:23:52,560 --> 00:23:54,560
And so we're still in the 
situation we've been in for 

443
00:23:54,560 --> 00:23:56,800
really quite a long time, I 
think, which is that nobody 

444
00:23:56,800 --> 00:24:03,400
really wants a wider war. 
Israel wants to reduce Iran's 

445
00:24:03,400 --> 00:24:06,240
nuclear capability to a point 
where it will take years and 

446
00:24:06,240 --> 00:24:08,080
years and years for it to be 
restored. 

447
00:24:08,080 --> 00:24:11,880
And it seems to be saying go 
hang to diplomacy, go hang to 

448
00:24:11,880 --> 00:24:14,760
monitoring facilities, which has
been going on for years. 

449
00:24:14,760 --> 00:24:17,480
And and you know, we're going to
do this militarily. 

450
00:24:17,680 --> 00:24:22,520
And the risk for in all of this 
is is a miscalculation that that

451
00:24:22,520 --> 00:24:25,040
we know we have AUS president 
who says he doesn't want wars. 

452
00:24:25,040 --> 00:24:29,480
He's there to stop wars, but 
nevertheless, he acts in such an

453
00:24:29,480 --> 00:24:32,120
unpredictable way. 
And so suddenly he flips and he 

454
00:24:32,120 --> 00:24:34,560
said one minute and he says, you
know, he doesn't want war with, 

455
00:24:34,640 --> 00:24:36,320
with Iran. 
And the next minute he says, 

456
00:24:36,320 --> 00:24:38,200
well, kind of the Iranians had 
this coming. 

457
00:24:38,200 --> 00:24:42,160
We tried to negotiate and be 
prepared for even tougher 

458
00:24:42,160 --> 00:24:43,880
attacks to come in the in the 
days ahead. 

459
00:24:44,320 --> 00:24:48,920
So in the same way that on 
tariffs, he changed his mind, 

460
00:24:48,920 --> 00:24:52,800
he, he prevaricated, he, he 
tried to negotiate. 

461
00:24:52,960 --> 00:24:55,080
He could switch again within a 
matter of days. 

462
00:24:55,080 --> 00:24:59,040
He could say, you know, say to 
the Israelis, it really is time 

463
00:24:59,040 --> 00:25:01,400
for this to stop. 
And I think, however bad the 

464
00:25:01,400 --> 00:25:05,600
relationship between Netanyahu 
and Trump is, I think Netanyahu 

465
00:25:05,600 --> 00:25:08,800
really believes that Trump is 
the best American president 

466
00:25:08,800 --> 00:25:12,520
Israel has ever had and would 
probably do what he was told in 

467
00:25:12,520 --> 00:25:14,760
the final analysis. 
In in the build up to military 

468
00:25:14,760 --> 00:25:17,720
action last year, it was all 
about how Iran had become the 

469
00:25:17,720 --> 00:25:21,240
regional power and was able to 
cause trouble on multiple 

470
00:25:21,240 --> 00:25:27,280
fronts, whether it was Yemen, 
Syria, Gaza, what, what's the 

471
00:25:27,280 --> 00:25:30,000
reality of the power of, of Iran
now? 

472
00:25:30,080 --> 00:25:32,480
I mean, has it been massively 
degraded in terms of what it can

473
00:25:32,480 --> 00:25:34,080
achieve? 
You know, there are still 

474
00:25:34,080 --> 00:25:38,000
missiles being fired by the 
Houthis regularly as Israel, and

475
00:25:38,000 --> 00:25:39,320
they get shot down after the 
sky. 

476
00:25:39,960 --> 00:25:41,240
So can they actually do any 
damage? 

477
00:25:42,240 --> 00:25:45,120
Well, it's the paper tiger 
argument, but the question is, 

478
00:25:45,120 --> 00:25:48,800
have we overestimated Iran's 
military capabilities over time,

479
00:25:49,040 --> 00:25:52,480
or has the Israeli assault been 
so effective that they have been

480
00:25:53,160 --> 00:25:55,760
downgraded significantly? 
I think what Iran has done quite

481
00:25:55,760 --> 00:25:59,520
problematically is use the the 
territory of neighboring Arab 

482
00:25:59,520 --> 00:26:02,760
states as launching pads of 
attacks against against Israel 

483
00:26:02,800 --> 00:26:05,160
in those countries, those 
domestic populations that have 

484
00:26:05,160 --> 00:26:09,160
suffered as a result because of 
Iran's use of its forward 

485
00:26:09,800 --> 00:26:12,680
deterrence policy. 
And it's leaning into these 

486
00:26:12,680 --> 00:26:16,200
armed non state actors that has 
significantly been eroded over 

487
00:26:16,200 --> 00:26:18,360
the course of the war, since the
start of the war in Gaza. 

488
00:26:18,960 --> 00:26:22,520
And without that, in the absence
of it, where does that leave 

489
00:26:22,520 --> 00:26:25,240
Iranian capabilities is, is the 
question. 

490
00:26:25,600 --> 00:26:28,880
And that we will I think have an
answer to in the coming hours, 

491
00:26:28,880 --> 00:26:32,400
in the coming days, contingent 
on how Iran responds. 

492
00:26:32,400 --> 00:26:35,920
We've, we've heard a lot about 
tracking Iran's ballistic 

493
00:26:36,080 --> 00:26:40,320
missile program, its armed drone
program, but will it be able to 

494
00:26:40,320 --> 00:26:44,600
use these to high effect? 
Or is the ongoing assault that 

495
00:26:44,600 --> 00:26:48,360
the Israelis are now conducting 
to limit the retaliatory strike 

496
00:26:48,360 --> 00:26:51,120
capability? 
Will that mean that Iran is is 

497
00:26:51,120 --> 00:26:53,760
now cornered? 
There's already talk in regional

498
00:26:54,040 --> 00:26:58,080
media in Turkey and in many Arab
countries, you know, questioning

499
00:26:58,240 --> 00:27:02,240
how it was that Iran wasn't able
to respond last night to deter 

500
00:27:02,240 --> 00:27:04,040
these attacks. 
Where is the intelligence 

501
00:27:04,040 --> 00:27:06,880
failure coming from? 
So there's some serious internal

502
00:27:07,320 --> 00:27:10,040
questioning going on as well. 
Or we can expect to see that 

503
00:27:10,720 --> 00:27:12,160
and. 
What an amazing night for 

504
00:27:12,160 --> 00:27:14,640
Mossad. 
I mean, I mean, we've had years 

505
00:27:14,640 --> 00:27:18,320
of assassination attempts on and
successful attempts on 

506
00:27:18,880 --> 00:27:21,400
Revolutionary Guard commanders, 
nuclear scientists. 

507
00:27:21,640 --> 00:27:24,000
But this, this, I mean, this the
last 24 hours. 

508
00:27:24,000 --> 00:27:26,600
And, you know, we thought the 
walkie-talkie attack on, on 

509
00:27:26,640 --> 00:27:29,520
Hezbollah members in Lebanon 
was, was of a different league. 

510
00:27:29,760 --> 00:27:35,000
But to take out, to use a crude 
phrase, at least six nuclear 

511
00:27:35,000 --> 00:27:38,200
scientists, the head of the 
army, the head of the 

512
00:27:38,200 --> 00:27:41,560
Revolutionary Guard, I mean, 
every man who takes on that job 

513
00:27:41,560 --> 00:27:44,400
is, is a dead man walking. 
I mean, because, you know, the 

514
00:27:44,400 --> 00:27:47,560
Iranians have, the Israelis have
shown that they are so capable 

515
00:27:47,560 --> 00:27:51,560
now of penetrating, you know, 
the, the upper echelons of the 

516
00:27:51,920 --> 00:27:53,760
Iranian elite. 
Yes, I mean it's a striking 

517
00:27:53,760 --> 00:27:58,680
contrast with the massive 
failure incompetence around Gaza

518
00:27:59,320 --> 00:28:02,120
on October the 7th and the 
threat right on their doorstep 

519
00:28:02,120 --> 00:28:05,480
by comparison to the one in in 
Tehran. 

520
00:28:05,480 --> 00:28:07,720
Just finally, I mean, because 
the other thing I think, you 

521
00:28:07,720 --> 00:28:12,680
know, people will be worried 
about watching this is if you're

522
00:28:12,680 --> 00:28:15,840
right and Iran's military 
capability is significantly 

523
00:28:15,840 --> 00:28:21,120
degraded, it may well turn to 
asymmetric warfare supporting 

524
00:28:21,120 --> 00:28:25,680
terrorism. 
What do we know about their sort

525
00:28:25,680 --> 00:28:30,000
of ongoing ability to do that? 
Well, obviously there have been 

526
00:28:30,000 --> 00:28:34,520
various cases in the UK of 
Iranian journalists targeted, 

527
00:28:34,520 --> 00:28:39,400
followed, threatened. 
I think the Iranians have had 

528
00:28:39,400 --> 00:28:42,280
sleeper cells in Europe for a 
long time. 

529
00:28:42,760 --> 00:28:46,440
They've in the past shown the 
ability to attack museums or 

530
00:28:46,440 --> 00:28:51,800
attack Jewish tourists. 
But I think the risk for them is

531
00:28:51,800 --> 00:28:58,000
that asymmetric warfare, if it's
waged by Iran, will reap more 

532
00:28:58,120 --> 00:29:00,920
symmetric warfare from the 
Americans themselves. 

533
00:29:00,920 --> 00:29:02,520
I think that's that's the risk 
for them. 

534
00:29:02,520 --> 00:29:04,320
My guess is they don't want to 
go there. 

535
00:29:05,160 --> 00:29:08,760
You know, there there are 
various soft targets, museums 

536
00:29:08,880 --> 00:29:13,040
across Europe, embassies perhaps
What? 

537
00:29:13,040 --> 00:29:14,320
We just have to hope that 
doesn't happen. 

538
00:29:15,160 --> 00:29:19,120
I would add to that the 
possibility of an Iranian LED 

539
00:29:19,120 --> 00:29:22,360
cyberattack on critical national
infrastructure in Europe, in the

540
00:29:22,360 --> 00:29:26,280
United States, depending on 
Tehran's strategic calculus as 

541
00:29:26,280 --> 00:29:29,960
to whether to target West, the 
West or to keep it more limited 

542
00:29:30,320 --> 00:29:32,680
to Israel. 
So cyberattacks, potential 

543
00:29:32,680 --> 00:29:36,720
states supported terrorism. 
And also I think we need to keep

544
00:29:36,720 --> 00:29:39,920
in mind that the the Houthi 
threats in in Yemen and the Red 

545
00:29:39,920 --> 00:29:43,640
Sea in terms of maritime 
security is, is very much live. 

546
00:29:43,800 --> 00:29:48,040
And could that then draw in the 
US and the UK and allies and 

547
00:29:48,040 --> 00:29:52,200
defending the Red Sea and that 
strategic checkpoints there? 

548
00:29:52,520 --> 00:29:54,640
I think that is something to 
watch as well. 

549
00:29:55,200 --> 00:29:57,960
Thank you both very much indeed.
That's it for this episode of 

550
00:29:57,960 --> 00:30:00,200
The Forecast. 
Until next time, bye bye.

