Uncertainty about the US-Israel war with Iran and its endgame continues to cast a long shadow over global trade, while Ukraine’s increasingly sophisticated counterattacks are imposing mounting costs on Russia.

What are the combined implications of these two wars? In this conversation with Mishal Husain, Oxford University historian Peter Frankopan argues we are entering an era of consolidation and new alliances, especially between middle powers, and that predictions of US decline are wrong.

Read Mishal’s notes on this conversation www.bloomberg.com/mishal

Contact The Mishal Husain Show mishalshow@bloomberg.net

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