In this engaging presentation, Peter Zeihan discusses the changes in global perspective: The United States’ need for the Middle East have changed; Russia sees the Middle East as a means to other ends; and a new contest is shaping up between a rapidly normalizing Iran and a Saudi Arabia that is terrified of this new Iran. Zeihan also speaks on global stability and the future of terrorism: A global energy crisis will soon draw many countries into the Middle East, and a simultaneous political crisis will erode local state authorities, unleashing violence and terrorism. “It is both far worse and far better than it sounds.”