<description>The US-Israeli war on Iran is transforming the geopolitical order, and could even unleash a global economic crisis. The conflict has caused the largest oil shock in history, disrupting global markets and driving up fuel and food prices.

To better understand the implications for the world, Geopolitical Economy Report editor Ben Norton interviewed economist Michael Hudson, who discussed how Iran is challenging US dollar dominance and undermining Washington’s control over the global oil market, which has been a key pillar of US foreign policy.

VIDEO: https://www.youtube.com/watch?v=kocFwbTbs1Q

Read the transcript here: https://www.geopoliticaleconomy.report/p/war-iran-change-economy-michael-hudson

Topics
0:00 Intro
4:29 Highlights
7:21 Interview starts
10:10 US plan to control oil
12:25 USA war strategy
18:55 Struggle for sovereignty
21:06 Why the war started now
26:05 Petrodollar system
30:16 Strait of Hormuz
32:02 Largest oil crisis ever
34:14 Energy &amp; food crisis
37:10 Debt crisis
39:31 Outro</description>

The US-Israeli war on Iran is transforming the ge…

The US-Israeli war on Iran is transforming the geopolitical order, and could even unleash a global economic crisis. The conflict has caused the largest oil shock in history, disrupting global markets and driving up fuel and food prices.

To better understand the implications for the world, Geopolitical Economy Report editor Ben Norton interviewed economist Michael Hudson, who discussed how Iran is challenging US dollar dominance and undermining Washington’s control over the global oil market, which has been a key pillar of US foreign policy.

VIDEO: https://www.youtube.com/watch?v=kocFwbTbs1Q

Read the transcript here: https://www.geopoliticaleconomy.report/p/war-iran-change-economy-michael-hudson

Topics
0:00 Intro
4:29 Highlights
7:21 Interview starts
10:10 US plan to control oil
12:25 USA war strategy
18:55 Struggle for sovereignty
21:06 Why the war started now
26:05 Petrodollar system
30:16 Strait of Hormuz
32:02 Largest oil crisis ever
34:14 Energy & food crisis
37:10 Debt crisis
39:31 Outro

The war on Iran is transforming the global economy: Economist Michael Hudson explains how

<description>The war on Iran is part of a larger attempt by the US empire to reverse the decline of Western hegemony and recolonize the Global South. After invading Venezuela, Donald Trump wants to "take" Cuba, Greenland, and Gaza. Meanwhile, Israel is annexing the West Bank and colonizing southern Lebanon. Ben Norton explains the imperialist plan.

VIDEO: https://www.youtube.com/watch?v=_Xa_Kahzhic

Topics
0:00 Geopolitical context of Iran war
0:37 (CLIP) Trump vows to expand US empire
0:56 Plans to expand US empire 
1:21 Colonial Donroe Doctrine
2:13 (CLIP) Trump wants Venezuela's oil
2:32 US military attacks Latin America
3:17 Lula: "They want to colonize us again"
3:51 US dominance declines, China rises
4:59 Trump threatens BRICS
6:25 Plans to revive Western colonialism
7:19 (CLIP) Marco Rubio praises colonialism
8:32 Marco Rubio
9:13 US oil blockade of Cuba
10:19 (CLIP) Trump hopes to "take Cuba"
10:49 US plan to recolonize Cuba
12:31 (CLIP) Trump on Cuban sugar barons
12:47 Exiled Cuban oligarchs in Florida
13:05 Cuban Revolution
13:48 Miami mafia
14:42 When Cuba was a US colony
15:39 US plans to colonize Greenland
15:53 Critical minerals supply chain
17:03 US attempt to save hegemony
17:45 (CLIP) Trump: USA will "own" Gaza
18:08 Israel is annexing West Bank
18:24 Israel invaded South Lebanon
19:48 Oil and gas in Middle East
20:21 Netanyahu's colonial Iran speech
20:56 (CLIP) Netanyahu on "barbarians"
21:32 (CLIP) Pete Hegseth on "savages"
21:48 Colonial rhetoric
22:25 (CLIP) Trump cites Manifest Destiny
22:45 Colonial propaganda
24:36 Gilded Age redux
26:39 Attempt to reverse decolonization
27:53 Will war backfire on US empire?
29:43 Outro</description>

The war on Iran is part of a larger attempt by th…

The war on Iran is part of a larger attempt by the US empire to reverse the decline of Western hegemony and recolonize the Global South. After invading Venezuela, Donald Trump wants to "take" Cuba, Greenland, and Gaza. Meanwhile, Israel is annexing the West Bank and colonizing southern Lebanon. Ben Norton explains the imperialist plan.

VIDEO: https://www.youtube.com/watch?v=_Xa_Kahzhic

Topics
0:00 Geopolitical context of Iran war
0:37 (CLIP) Trump vows to expand US empire
0:56 Plans to expand US empire 
1:21 Colonial Donroe Doctrine
2:13 (CLIP) Trump wants Venezuela's oil
2:32 US military attacks Latin America
3:17 Lula: "They want to colonize us again"
3:51 US dominance declines, China rises
4:59 Trump threatens BRICS
6:25 Plans to revive Western colonialism
7:19 (CLIP) Marco Rubio praises colonialism
8:32 Marco Rubio
9:13 US oil blockade of Cuba
10:19 (CLIP) Trump hopes to "take Cuba"
10:49 US plan to recolonize Cuba
12:31 (CLIP) Trump on Cuban sugar barons
12:47 Exiled Cuban oligarchs in Florida
13:05 Cuban Revolution
13:48 Miami mafia
14:42 When Cuba was a US colony
15:39 US plans to colonize Greenland
15:53 Critical minerals supply chain
17:03 US attempt to save hegemony
17:45 (CLIP) Trump: USA will "own" Gaza
18:08 Israel is annexing West Bank
18:24 Israel invaded South Lebanon
19:48 Oil and gas in Middle East
20:21 Netanyahu's colonial Iran speech
20:56 (CLIP) Netanyahu on "barbarians"
21:32 (CLIP) Pete Hegseth on "savages"
21:48 Colonial rhetoric
22:25 (CLIP) Trump cites Manifest Destiny
22:45 Colonial propaganda
24:36 Gilded Age redux
26:39 Attempt to reverse decolonization
27:53 Will war backfire on US empire?
29:43 Outro

War on Iran is part of US plan to revive Western colonialism and exploit Global South

<description>A top advisor to Donald Trump, billionaire venture capitalist David Sacks, warned that, if the war on Iran continues, "Israel could just be destroyed", or it could even use a nuclear weapon. Ben Norton explains how Washington sabotaged multiple peace deals and negotiations with Tehran, putting the world on the path toward catastrophe.

VIDEO: https://www.youtube.com/watch?v=Mo9IHy0y8mo

Topics
0:00 (CLIP) US official warns of nuclear war
0:22 Israel's nuclear weapons
2:04 UN vote against nukes in Middle East
3:00 US hypocrisy on Israel &amp; Iran
3:34 Trump advisor David Sacks
4:55 (CLIP) Trump advisor on Israel &amp; Iran
6:04 David Sacks, Silicon Valley billionaire
8:35 US military escalates war on Iran
9:24 This war is unpopular
10:00 Iran wants deterrence
10:53 Israel is running out of interceptors
13:33 Reports of damage in Israel
14:09 Censorship in Israel &amp; Gulf regimes
16:36 Limited water in Persian Gulf
17:48 (CLIP) Gulf regimes in danger
18:56 Dangerous to be a US "ally"
20:31 Ali Khamenei opposed nukes
21:38 New leader Mojtaba Khamenei
22:35 Iranian military criticized fatwa
23:37 Will Iran get nuclear weapons?
25:16 Iran negotiations with USA
26:48 US-Israeli surprise attack in 2025
27:19 Iran nuclear deal (JCPOA)
28:09 Conclusion
29:27 Outro</description>

A top advisor to Donald Trump, billionaire ventur…

A top advisor to Donald Trump, billionaire venture capitalist David Sacks, warned that, if the war on Iran continues, "Israel could just be destroyed", or it could even use a nuclear weapon. Ben Norton explains how Washington sabotaged multiple peace deals and negotiations with Tehran, putting the world on the path toward catastrophe.

VIDEO: https://www.youtube.com/watch?v=Mo9IHy0y8mo

Topics
0:00 (CLIP) US official warns of nuclear war
0:22 Israel's nuclear weapons
2:04 UN vote against nukes in Middle East
3:00 US hypocrisy on Israel & Iran
3:34 Trump advisor David Sacks
4:55 (CLIP) Trump advisor on Israel & Iran
6:04 David Sacks, Silicon Valley billionaire
8:35 US military escalates war on Iran
9:24 This war is unpopular
10:00 Iran wants deterrence
10:53 Israel is running out of interceptors
13:33 Reports of damage in Israel
14:09 Censorship in Israel & Gulf regimes
16:36 Limited water in Persian Gulf
17:48 (CLIP) Gulf regimes in danger
18:56 Dangerous to be a US "ally"
20:31 Ali Khamenei opposed nukes
21:38 New leader Mojtaba Khamenei
22:35 Iranian military criticized fatwa
23:37 Will Iran get nuclear weapons?
25:16 Iran negotiations with USA
26:48 US-Israeli surprise attack in 2025
27:19 Iran nuclear deal (JCPOA)
28:09 Conclusion
29:27 Outro

US official warns Israel could 'be destroyed' or use nuclear weapons against Iran

<description>In response to the US-Israeli war, Iran shut down the Strait of Hormuz, the most important oil chokepoint on Earth, causing energy prices to skyrocket. However, Tehran is allowing Chinese tankers through, and says other ships can pass if they agree to sell oil in China's currency, the renminbi (aka yuan).

Iran is also targeting offices of major American corporations, and wants to force them out of the Middle East (West Asia), while trying to expel US military bases.

Ben Norton explains how this war affects the petrodollar system, and the dominance of the dollar as the global reserve currency.

VIDEO: https://www.youtube.com/watch?v=X2zBWcGahuc

Topics
0:00 Iran war causes energy crisis
0:29 Oil price skyrockets
0:56 Fears of economic crisis
2:07 Strait of Hormuz
3:21 Iran permits Chinese oil tankers
4:17 Iran says: sell oil in RMB, not USD
4:43 Dollar dominance &amp; petrodollar
6:28 Asymmetric warfare
6:59 US military bases in Middle East
7:47 Iran strikes CIA stations
8:46 Iran hits US refueling planes
9:10 US empire underestimated Iran
10:32 Iran targets US corporations
12:03 Economic warfare
13:07 (CLIP) Scott Bessent on sanctions
14:05 New leader Mojtaba Khamenei
15:21 Iran strategy spelled out
17:08 Tehran wants revenge
18:51 Yemen, Red Sea, Bab al-Mandab
22:16 US war on Yemen in 2025
23:23 Anti-colonial wars
24:16 Trump sends more US troops
25:21 Iran's Kharg Island
26:21 Global energy crisis
27:24 Trump wants military coalition
29:02 Iran allows Chinese ships
29:59 US dollar dominance
30:37 US current account deficit
31:20 Exorbitant privilege of dollar
32:19 Dedollarization
32:52 West seized Russia's reserves
33:49 Central banks buy gold
34:16 US Treasury securities
34:47 Oil sales in dollars
36:26 Trump threatened BRICS
37:16 Iran promotes dedollarization
37:42 China &amp; Russia de-dollarize
38:33 India
39:34 UAE
40:18 Saudi Arabia
41:04 Iran &amp; Indonesia join BRICS
42:14 Iran proposes BRICS currency
42:31 Divisions within BRICS
43:12 Struggle against imperialism
45:12 Outro</description>

In response to the US-Israeli war, Iran shut down…

In response to the US-Israeli war, Iran shut down the Strait of Hormuz, the most important oil chokepoint on Earth, causing energy prices to skyrocket. However, Tehran is allowing Chinese tankers through, and says other ships can pass if they agree to sell oil in China's currency, the renminbi (aka yuan).

Iran is also targeting offices of major American corporations, and wants to force them out of the Middle East (West Asia), while trying to expel US military bases.

Ben Norton explains how this war affects the petrodollar system, and the dominance of the dollar as the global reserve currency.

VIDEO: https://www.youtube.com/watch?v=X2zBWcGahuc

Topics
0:00 Iran war causes energy crisis
0:29 Oil price skyrockets
0:56 Fears of economic crisis
2:07 Strait of Hormuz
3:21 Iran permits Chinese oil tankers
4:17 Iran says: sell oil in RMB, not USD
4:43 Dollar dominance & petrodollar
6:28 Asymmetric warfare
6:59 US military bases in Middle East
7:47 Iran strikes CIA stations
8:46 Iran hits US refueling planes
9:10 US empire underestimated Iran
10:32 Iran targets US corporations
12:03 Economic warfare
13:07 (CLIP) Scott Bessent on sanctions
14:05 New leader Mojtaba Khamenei
15:21 Iran strategy spelled out
17:08 Tehran wants revenge
18:51 Yemen, Red Sea, Bab al-Mandab
22:16 US war on Yemen in 2025
23:23 Anti-colonial wars
24:16 Trump sends more US troops
25:21 Iran's Kharg Island
26:21 Global energy crisis
27:24 Trump wants military coalition
29:02 Iran allows Chinese ships
29:59 US dollar dominance
30:37 US current account deficit
31:20 Exorbitant privilege of dollar
32:19 Dedollarization
32:52 West seized Russia's reserves
33:49 Central banks buy gold
34:16 US Treasury securities
34:47 Oil sales in dollars
36:26 Trump threatened BRICS
37:16 Iran promotes dedollarization
37:42 China & Russia de-dollarize
38:33 India
39:34 UAE
40:18 Saudi Arabia
41:04 Iran & Indonesia join BRICS
42:14 Iran proposes BRICS currency
42:31 Divisions within BRICS
43:12 Struggle against imperialism
45:12 Outro

Iran challenges US dollar, says oil must be sold in Chinese yuan, as it targets US corporations

<description>Why is the USA waging war on Iran? It's not just because of Israel. Washington wants to control the oil of the Middle East (West Asia) to maintain the petrodollar system. The Trump admin fears the dedollarization movement's challenge to the global reserve currency, which is the US empire's most powerful tool. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=zcXrvKVsPV8

Topics
0:00 Iran war, US &amp; Israel
0:32 World War I analogy
1:47 Middle East wars 
2:56 Oil reserves
3:51 (CLIP) Trump wants Venezuela's oil
4:14 Oil blockade of Cuba
4:59 Strait of Hormuz
5:40 Trump admin targets Iran's oil
6:06 (CLIP) US wants "to get all of the oil"
6:30 USA is top oil producer
7:11 Dollar as global reserve currency
7:55 Sanctions and financial system
9:00 Dedollarization
9:50 (CLIP) Trump fears dedollarization
10:07 Iran joins BRICS
10:22 Iran promotes dedollarization
11:08 Resistance groups
11:38 Petrodollar system
13:14 US oil deal with Saudi Arabia
15:06 Oil is (mostly) sold in US dollars
16:38 China buys Iranian oil with yuan
17:05 Venezuela sold oil in renminbi
17:26 Petrodollar and Venezuela
18:19 Trump official: Iran war for oil
19:44 USA targets China
20:44 Exorbitant privilege of US dollar
22:26 Commodities priced in USD
23:19 Financial elites benefit
24:17 US stock market: 60% of world
24:54 Global elites hold US assets
26:57 Gold standard to oil standard
28:11 Richest 10% hold 90% of stocks
28:43 Dedollarization grows
29:21 Rise of China (and India)
30:01 China buys oil with yuan
31:20 Iraq sold oil for euro, not USD
32:19 USA controls Iraq's oil revenues
33:30 Venezuela's oil revenues
34:19 Trump fears de-dollarization 
35:00 UAE sells China LNG in RMB
36:01 Saudi Arabia considers yuan
36:51 Saudi BRICS invitation
37:15 UAE joined BRICS
37:44 War among BRICS members
38:29 US provokes Saudi-Iran conflict
39:10 China brokers Saudi-Iran deal
39:39 Petrodollar war
40:52 Israel and lobbying
43:34 Israel: US aircraft carrier
44:20 (CLIP) Biden: Israel "investment"
44:36 Israel and petrodollar
45:11 The tail does not wag the dog
46:05 Suez crisis of 1956
47:28 Origins of US-Saudi alliance
48:30 US-Israel alliance is recent
49:58 Bigger picture of US imperialism
51:55 Outro</description>

Why is the USA waging war on Iran? It's not just …

Why is the USA waging war on Iran? It's not just because of Israel. Washington wants to control the oil of the Middle East (West Asia) to maintain the petrodollar system. The Trump admin fears the dedollarization movement's challenge to the global reserve currency, which is the US empire's most powerful tool. Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=zcXrvKVsPV8

Topics
0:00 Iran war, US & Israel
0:32 World War I analogy
1:47 Middle East wars 
2:56 Oil reserves
3:51 (CLIP) Trump wants Venezuela's oil
4:14 Oil blockade of Cuba
4:59 Strait of Hormuz
5:40 Trump admin targets Iran's oil
6:06 (CLIP) US wants "to get all of the oil"
6:30 USA is top oil producer
7:11 Dollar as global reserve currency
7:55 Sanctions and financial system
9:00 Dedollarization
9:50 (CLIP) Trump fears dedollarization
10:07 Iran joins BRICS
10:22 Iran promotes dedollarization
11:08 Resistance groups
11:38 Petrodollar system
13:14 US oil deal with Saudi Arabia
15:06 Oil is (mostly) sold in US dollars
16:38 China buys Iranian oil with yuan
17:05 Venezuela sold oil in renminbi
17:26 Petrodollar and Venezuela
18:19 Trump official: Iran war for oil
19:44 USA targets China
20:44 Exorbitant privilege of US dollar
22:26 Commodities priced in USD
23:19 Financial elites benefit
24:17 US stock market: 60% of world
24:54 Global elites hold US assets
26:57 Gold standard to oil standard
28:11 Richest 10% hold 90% of stocks
28:43 Dedollarization grows
29:21 Rise of China (and India)
30:01 China buys oil with yuan
31:20 Iraq sold oil for euro, not USD
32:19 USA controls Iraq's oil revenues
33:30 Venezuela's oil revenues
34:19 Trump fears de-dollarization 
35:00 UAE sells China LNG in RMB
36:01 Saudi Arabia considers yuan
36:51 Saudi BRICS invitation
37:15 UAE joined BRICS
37:44 War among BRICS members
38:29 US provokes Saudi-Iran conflict
39:10 China brokers Saudi-Iran deal
39:39 Petrodollar war
40:52 Israel and lobbying
43:34 Israel: US aircraft carrier
44:20 (CLIP) Biden: Israel "investment"
44:36 Israel and petrodollar
45:11 The tail does not wag the dog
46:05 Suez crisis of 1956
47:28 Origins of US-Saudi alliance
48:30 US-Israel alliance is recent
49:58 Bigger picture of US imperialism
51:55 Outro

US war on Iran isn't just about Israel; it's mainly about oil and dollar dominance

Geopolitical Economy Report is an independent news outlet that provides original journalism and analysis to understand the changing world.

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