Steve Jermy: Iran, Russia, NATO & the Global Energy Crisis Explained

In Episode 134 of the Kianistan Podcast, retired Royal Navy Commodore Steve Jermy joins us for a comprehensive discussion on today's most pressing geopolitical challenges, including the Iran–US confrontation, the future of the Strait of Hormuz, Russia–Ukraine, NATO strategy, energy security, and the changing global balance of power.Drawing on decades of military, strategic, and energy-sector experience, Steve Jermy explains why the apparent collapse of the Iran–US Memorandum of Understanding (MoU) has significant consequences for regional stability and global markets. He discusses Iran's strategic position, the limitations facing the United States and Israel, and why diplomacy may ultimately prove more effective than military escalation.The conversation also examines the global energy market, oil prices, sanctions on Russia and Iran, Europe's growing energy vulnerability, NATO's role in the Russia–Ukraine conflict, and whether the international system is entering a new geopolitical era shaped by competing great powers.Steve also shares insights from his latest work on the possibility of a future confrontation with Russia and explains why strategy, economics, energy, and warfare are now more interconnected than ever.If you enjoy thoughtful discussions on geopolitics, military strategy, international relations, and global energy, don't forget to subscribe and share this episode.WHAT YOU'LL DISCOVER IN THIS EPISODESteve Jermy's military and strategic backgroundWhy the Iran–US MoU appears to be collapsingIran's negotiating strategy and regional leverageThe strategic importance of the Strait of HormuzWhy military escalation carries enormous risksOil prices, sanctions, and global energy securityEurope's growing energy vulnerabilityNATO, Russia, and the Ukraine conflictChina's role in the emerging world orderDonald Trump's foreign policy challengesWhy diplomacy may ultimately prevail over warCHAPTERS00:00 – Introduction & Steve Jermy Joins the Podcast01:20 – Military Career, Royal Navy & Strategic Thinking02:40 – From Naval Commander to Energy Industry CEO05:30 – Lessons from Military Strategy & Afghanistan13:00 – Iran–US MoU and Why Negotiations Are Unraveling16:00 – Why Iran Holds Strategic Leverage19:40 – Oil Markets, Energy Security & Global Commodities22:30 – China, Strategic Reserves & Global Supply Chains26:00 – Russia, Sanctions & Europe's Energy Crisis29:30 – Trump's Strategy and America's Limited Military Options34:40 – Could a Ground War Against Iran Succeed?39:00 – Trump's Political Future & Midterm Elections42:00 – Diplomacy vs Military Escalation45:00 – Israel, Iran & Regional Security48:00 – Europe, NATO & the Russia–Ukraine War51:30 – NATO Expansion, Russian Red Lines & Strategic Miscalculations54:20 – Steve Jermy's "The Coming War with Russia" Analysis58:00 – Final Thoughts & Closing RemarksABOUT STEVE JERMYSteve Jermy is a retired Royal Navy Commodore, former naval commander, offshore energy executive, strategist, geopolitical analyst, and author of Strategy for Action. During his military career, he served in the Falklands War, operations in Bosnia and Kosovo, and later as Strategy Director at the British Embassy in Afghanistan. Today he writes and consults on geopolitics, military strategy, economics, and energy.CONNECT WITH STEVE JERMYSubstack: https://substack.com/@stevejermySubscribe for in-depth conversations on geopolitics, military strategy, economics, diplomacy, history, energy, and international affairs.Hashtags#SteveJermy #Geopolitics #Iran #Russia #Ukraine #NATO #Energy #Oil #MilitaryStrategy #DonaldTrump #InternationalRelations #KianistanPodcast