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. Contact The Mishal Husain Show mishalshow@bloomberg.net Visit https://www.bloomberg.com/mishal Watch Bloomberg Vodcasts: https://www.youtube.com/playlist?list=PLe4PRejZgr0MS0Tqk_zQl1LVVTdWuH2Di Subscribe to Bloomberg Podcasts: https://bit.ly/BloombergPodcasts Visit us: https://www.bloomberg.com/podcasts Visit our other YouTube channels: Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg For coverage on news, markets and more: http://www.bloomberg.com/video