US-Iran Involved in Game of Chicken, Sanders Says

Bloomberg Television
Bloomberg TelevisionApr 13, 2026

Why It Matters

Uncertainty over Iran’s nuclear remnants and the brinkmanship in the Strait of Hormuz could destabilize oil markets and force a reassessment of U.S. containment strategy.

Key Takeaways

  • U.S. and Iran engaged in high‑stakes “game of chicken.”
  • U.S. blockade offers leverage but leaves Iranian strike options.
  • Intelligence doubts Iran’s nuclear material fully destroyed after recent strikes.
  • Dispersed enriched uranium would complicate verification and interdiction.
  • Potential Russian or Chinese support could revive Iran’s program.

Summary

The interview with Bloomberg Intelligence’s Wayne Sanders focused on the escalating standoff between the United States and Iran, examining whether the current maritime blockade could force both sides back to negotiations or trigger further conflict.

Sanders described the situation as a classic “game of chicken,” noting that while the U.S. blockade restricts Iranian vessels, Tehran still retains drone, ballistic‑missile and mining capabilities that could threaten the Strait of Hormuz. He emphasized that intelligence agencies remain uncertain about the completeness of Iran’s nuclear dismantlement, especially regarding 400 kg of highly enriched uranium that may be hidden or dispersed across multiple sites.

Key quotes included Sanders’ warning that “the intelligence community can’t afford to be wrong” about Iran’s fissile material, and his observation that dispersed uranium would make verification extremely difficult. He also raised the prospect that external actors such as Russia or China might assist Iran in rebuilding its nuclear program.

The analysis underscores heightened market volatility, potential disruptions to global oil flows, and the need for policymakers to balance pressure with diplomatic channels. Misreading Iran’s capabilities could lead to costly miscalculations, while a prolonged blockade threatens shipping costs and regional stability.

Original Description

Retired US Army Colonel Wayne Sanders, now of Bloomberg Intelligence, says the US and Iran are involved in a "game of chicken." He says both sides are "upping their game" as President Donald Trump plans a full naval blockade of the Strait of Hormuz.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
Connect with Bloomberg Business on:
More from Bloomberg:
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Originals: https://www.youtube.com/@business

Comments

Want to join the conversation?

Loading comments...