1 rich Libsyn https://www.libsyn.com 90 600 Today we're going deep on how oil and energy, not troops, will decide the outcome in Iran and Russia. The war in Iran may be about ideology, but the outcome will be decided by energy. 👉 Subscribe to The Restricted Handling Podcast at https://www.restrictedhandling.com/ to get a daily intel brief on Russia, China, Iran, Economics/Sanctions, Espionage, and more In this episode, Ryan Fugit and Glenn Corn sit down with Ambassador Matthew Bryza, one of the leading experts on energy geopolitics in Eurasia. Ambassador Bryza served as: • U.S. Ambassador to Azerbaijan• Deputy Assistant Secretary of State for European and Eurasian Affairs• Director at the National Security Council He now works as a Managing Director at Straife Istanbul and advises on global energy and geopolitical risk. This conversation breaks down one of the most important but overlooked drivers of global conflict: Energy. In this episode, we cover: • Why the Strait of Hormuz is the center of global economic risk• How energy prices are shaping decisions in Iran, Russia, and Europe• Why Russia is benefiting financially from the Iran war• How natural gas and fertilizer shortages could trigger global instability• The long-term impact of shutting down oil and LNG production• Why infrastructure like pipelines takes decades to build but minutes to disrupt• The strategic importance of the Baku-Tbilisi-Ceyhan pipeline• Why Europe cannot quickly replace Russian or Gulf energy• The political implications of energy dependency in NATO and the EU• Why energy security is national security Ambassador Bryza explains why the current conflict could reshape global energy markets for years and why even a short disruption in the Strait of Hormuz has cascading effects across food supply, manufacturing, aviation, and global trade. He also details why Russia’s war effort may be strengthened in the short term due to rising energy prices. Timeline / chapters• 00:00 Intro• 02:34 Why energy is driving global conflict• 05:49 Key energy indicators to watch• 14:22 Why the world cannot replace Gulf energy• 19:39 Energy alliances and regional geopolitics• 22:25 The Baku-Tbilisi-Ceyhan pipeline explained• 29:36 Why energy infrastructure shapes independence• 31:49 Future energy strategy for the US and allies• 34:33 Turkey, Azerbaijan, and regional responses• 41:38 Russia, Ukraine, and the Druzhba pipeline• 44:33 Final thoughts on energy and geopolitics About Ambassador Matthew Bryza Matthew Bryza is a former U.S. diplomat who served 23 years in the Foreign Service, including as U.S. Ambassador to Azerbaijan, and held senior roles at the State Department and National Security Council focused on Eurasian energy, regional conflicts, and U.S. policy toward Turkey, the Caucasus, and Central Asia. He played a central role in advancing major Caspian energy projects, including the Baku–Tbilisi–Ceyhan pipeline, making him one of the leading U.S. experts on global energy security and geopolitics. Today, he is based in Istanbul, where he serves as Managing Director of Straife Istanbul, advising companies on sanctions compliance, geopolitical risk, and market expansion across Türkiye and the Greater Caspian region; he is also Regional Managing Partner at Ballard Partners, and a longtime Board Member of The Jamestown Foundation. LinkedIn https://www.linkedin.com/in/matthew-bryza-050180156/ Straife Group How to find Glenn Corn Glenn Corn is a former CIA Senior Intelligence Service officer and multi-time Chief of Station in some of the world's most difficult posts. You can find him at the Institute of World Politics (https://www.iwp.edu/faculty/glenn-corn/) or his consultancy at Great South Bay Consulting (https://greatsouthbayinc.com/). Restricted Handling Subscribe and receive the daily intelligence brief https://www.restrictedhandling.com/ The Restricted Handling Podcast https://restrictedhandling.substack.com/podcast <iframe title="Libsyn Player" style="border: none" src="//html5-player.libsyn.com/embed/episode/id/40588190/height/90/theme/custom/thumbnail/yes/direction/forward/render-playlist/no/custom-color/88AA3C/" height="90" width="600" scrolling="no" allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen></iframe> https://assets.libsyn.com/secure/content/199991520