Iran, Pope, Economy: How many battles can Trump fight at once?

Iran, Pope, Economy: How many battles can Trump fight at once?

Author: Chatham House April 17, 2026 Duration: 33:17

From Hormuz to Hungary and the Vatican to the Federal Reserve, it has been an unusually contentious week for the White House, even by the standards of President Trump's second administration.

This week's podcast comes from the US, where our analysts assess the political and economic state of the US as it begins gearing up for the midterm elections.
 
From New York, Chatham House Director Bronwen Maddox and Director of the US and North America Programme, Laurel Rapp, are joined by David Lubin, Senior Research Fellow in the Global Economy and Finance Programme, who is in Washington for the International Monetary Fund and World Bank's annual Spring Meetings to discuss the global economy and financial markets.
 
The panel discuss the Iran ceasefire, nuclear negotiations, the Strait of Hormuz blockade, the health of the global economy, a setback for one Trump ally in Budapest and domestic criticism for President Trump over tensions between the White House and Pope Leo.

For further reading, see David Lubin's commentary 'Dollar dominance is surviving the Iran war - just about'  

Produced by Stephen Farrell.

 

Chatham House's latest:

Comment | How to keep the Strait of Hormuz open in the long term

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Hosted by Chatham House director Bronwen Maddox, Independent Thinking brings the institute’s private deliberations into the public ear. This isn’t a rehearsed lecture series, but a direct channel into candid, high-level discussions typically held behind closed doors. Maddox guides conversations with a carefully selected mix of leading policymakers, frontline journalists, and Chatham House’s own deep bench of experts, focusing on the international political issues that are shaping headlines and rewriting global strategies. The tone is analytical yet accessible, privileging substance and nuance over soundbites. Each episode feels like a privileged seat at a crucial roundtable, where complex topics-from shifting alliances and economic sanctions to climate diplomacy and conflict-are unpacked with clarity and intellectual rigor. Listeners gain a clearer understanding of the forces driving world events, hearing diverse perspectives clash and converge in real time. For anyone looking to move beyond the superficial news cycle and engage with the substantive arguments defining our geopolitics, this podcast offers an essential and thoughtful resource. It’s where informed opinion meets the pressing questions of our moment, fostering a deeper kind of political literacy.
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