Jason Bordoff

And we want to reduce imports.

That, I think, is what the energy security conversation in much of the world will be coming out of this.

And the way you respond to that is going to look different in different places.

A country like Europe, I do think it accelerates a move toward a clean energy and electrified economy.

It might look different in other places.

I think that's right.

I think it's true for Iran, true for others as well.

Iran has, at least for a 30-day period, it's temporary, secured greater sanctions relief from the United States by cratering the global oil market.

than it did through years of negotiation about how it might adjust its posture toward its nuclear program.

And we've learned how asymmetric that weapon can be.

It just doesn't take a lot to not even physically close it but create the risk perception that you could close the Strait of Hormuz.

And so the thing about the energy weapon is it is quite asymmetric.

You don't need a massive military and battleships to wield it.

You can do it in a much more targeted, lower cost way.

And I think that is a lesson that Iran is learning from this.

And I fear other countries might learn as well.

Are there lessons the United States should be or is learning from this?

I think there are lessons we should be learning.

And the first is kind of the myth of energy independence.

There are no doubt economic and geopolitical benefits that have come from moving from importing 60 percent of our oil two decades ago to being the largest producer of oil in the world and a huge net exporter.