Former US Defense Secretary Lloyd Austin Talks Middle East Conflict - podcast episode cover

Former US Defense Secretary Lloyd Austin Talks Middle East Conflict

Jun 08, 20268 min
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Episode description

The US and Iran appear to be making little progress toward an interim deal to end the war Washington and Israel began 100 days ago, as fresh attacks pile pressure on a fragile ceasefire. Negotiations between Washington and Tehran are bogged down over the fate of billions of dollars of frozen Iranian assets and a parallel conflict between Israel and Iran-backed Hezbollah in Lebanon. Former US Defense Secretary Lloyd Austin joins Bloomberg's London Bureau Chief Ruth David on Monday at the HSBC Gulf Cooperation Council Exchanges Conference in London to discuss the Iran War as well as other global geopolitical conflicts impacting the US.

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Transcript

Speaker 1

Bloomberg Audio Studios, Podcasts, radio News.

Speaker 2

Welcome to Lloyd J. Austin, former US Defense Secretary and co founder and CEO of Clarion Strategies. Secretary Austin, thank you for speaking with us. Just this morning, President Trump called for Israel and Iran to seize their fighting. What does a continuing war in the Middle East mean for US defense capabilities?

Speaker 1

Well, certainly we would like to see this cease for ourhold so that we can get negotiations completed and then we can get the straight open again. I mean it's important to you, not only to the United States, but the entire global economy, and so the sooner we can do that, the better. And we can't get there until we stop stop fighting. So, as you know, Lebanon or Israel has been attacking hisbela in Lebanon, and yesterday Ran voiced its concern by launching an unprecedented attack on Israel.

Is a part of this, and Israel has responded. But we'd like to see that tamp down so that we can get on with the business of negotiating the agreement.

Speaker 2

What are the military options to reopening the Strait of Horneys.

Speaker 1

Well, certainly the United States Navy could could open a straight for moves and holding it open for a long period of time and would be UH would be pretty costly. And so we'd like to see an international effort if if that's the case, if we if we get it open, we want to get allies and partners involved in that, because freedom of navigation is not just important to the United States of America, it's important to the entire globe.

You know, every country on this planets has an interest in making sure that they can sail the seas and fly the scot International skuys as they should be in accordance, should be able to in accordance accordance with international law.

Speaker 2

We spoke of an international effort. Europe is in the middle of the two wars waging right now in the Middle East as well as in Russia and Ukraine. Are European nations doing enough and fast enough to increase their defense capabilities.

Speaker 1

What we're seeing in Europe right now is significant investment in their own defense capabilities. There are a number of countries that have increased their spending, and we see countries far exceeding in some cases the UH the expected two percent of GDP investment and so I'm pretty optimistic about the direction of travel here. It'll be important that Europe continue to work together. The country's worked together in Europe to create a capability that allows them to operate on

an interactive basis going forward. So again, the investment is exciting. It'll take the industrial base sometime to be able to ramp up to create the kind of capability that Europe believes it needs. So we're looking forward to that.

Speaker 2

And how important is NATO for America and what's America's involvement in it going to look like you think going forward?

Speaker 1

Well, as you know, NATO is the most successful defensive alliance in the history of the world, and you know we have we have an interest in a transatlantic cooperation. Europe has an interest in transatlantic cooperation, so it's important to both of us. I am hopeful and somewhat confident that NATO will not only sustain itself but continue to grow.

Speaker 2

And do you think America needs to rethink its strategy of having troops on the ground in Allied countries given there is an increasing America first policy and the conflicts are so global right now.

Speaker 1

Well, each administration will assess its force posture and continue to make adjustments as it sees fit and their opportunity costs, you know, in whatever you do, and so it's always kind of balancing the scales there to make sure that you have the right capabilities in the right places. And again I won't speak for the administration, that's something that they'll do on a day to day basis.

Speaker 2

Are you worried that there's an increased chance of China and waiting Taiwan because of US vulnerabilities as it fights the war in the Middle East?

Speaker 1

I think, you know what we've seen as a result the summit that was conducted in May, I think, you know, there's probably less risk of escalation going forward here in the near term. Having said that, there are a number of things that we're going to have to continue to work on with respect to our relationship with China. I don't think that President she wants to take Taiwan by force,

That's my belief. I believe that if he could do it through coercion and uh uh and demonstration of military capability, that then he would he would do it that way. If there's a fight in the in the Taiwan straight or in the vicinity of the Taiwan straight. It will have a much greater impact on the global economy than what we've seen with the illustrate of hormos.

Speaker 2

And what did you make of Secretary peat Hegset's D Day anniversary remarks calling an immigrant invasion in Europe.

Speaker 1

I don't have any comments on Secretary these uh remarks. What I would say is that our European allies are important to us. They've always been important to us. The sacrifices that our troops made on D Day UH many years ago, UH, I think set an example for the world, and we remain grateful for uh. You know what what allies and partners did as a part of that that great effort. And so you know, we we honor that

that sacrifice each and every year. UH and and again, UH, I am very appreciative of what our allies continue to do for the United States of America.

Speaker 2

And you know, speaking of the military, Secretary Headset is also reported to have removed women and people of color from promotional lists in the Army and the Navy. What is the message you think that sends about the US military?

Speaker 1

Certainly I leave it to the secretary to really playing why. You know why he made those moves. All of us serve at the discretion of the president and UH, and so why those moves were made, I guess I won't try to I want to try to comment on that. I would just say that you know, we value, We've always valued the the contributions of our of our officers. They are the best in the world. We've seen that demonstrated, certainly most recently as our military has has performed in

UH in impressive fashion. And that's it's performed that way because it's been led by some very competent men and women. I think our country has long regarded the military as being the closest thing to a meritocracy in this country, and I would hope that it remained that way again. As you as you developed in groom officers for certain positions, you want to select the best available talent, and I think that's been done over the years. UH and UH. When you lose that town, that talent, it takes a

long time to replace it. You know, the experience that those those men and women have is I mean, there are people will step up and assume assume those positions, but but I think you know, the loss of those people certainly has an

Speaker 2

Impact Secretary Austin, Thank you for your time, Thank you for joining

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