July 16, 2026

Is There a Trump Sanctions Doctrine? With Josh Kretman

Josh Kretman, former sanctions official, joins Emily to discuss whether there is a Trump doctrine on sanctions and what that might look like. They take a tour around the world’s sanctions hot spots, unpacking the latest developments on the Venezuela, Iran, and Russia sanctions programs and debating whether the U.S. can effectively wield geoeconomic power when China too often plays the role of a sanctions spoiler.

Show notes: Daniel Yergin, The Prize: The Epic Quest for Oil, Money, and Power

Bill Bowder,Red Notice: A True Story of High Finance, Murder, and One Man's Fight for Justice

NPR, “Islamabad Memorandum of Understanding between the Islamic Republic of Iran and the United States of America,” June 18, 2026

Hans Nichols, “Senators introduce revised Russia sanctions bill to honor Graham,” Axios, July 14, 2026

Richard Nephew, Emily Kilcrease, and Geoff Gertz, “Richard Nephew on the U.S. military strikes on Iran’s nuclear program,” Derisky Business, June 26, 2025

Rachel Ziemba and Emily Kilcrease “The Long Tail of the Hormuz Energy Crisis with Rachel Ziemba,” Derisky Business, June 26, 2025

Eleanor Hume and Kyle Rutter, Sanctions By the Numbers: 2025 Year in Review, CNAS, January 29, 2026

Emily Kilcrease, Hit It With Your Best Shot: An American Doctrine of Economic Pressure, CNAS, April 1, 2026