Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
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Iran's war strategy is now clear: raise oil prices, crash stock markets, cause economic crisis
1 hour 4 minutes Posted Mar 9, 2026 at 2:38 pm.
Iran conflict becomes war of attrition
US strategy: "punch them while they're down"
US military vs Iranian military
Asymmetric warfare
Decentralized mosaic defense doctrine
Guerrilla economic warfare
Oil price skyrockets to over $100
Strait of Hormuz closed
Energy infrastructure hit in Persian Gulf
Economic crisis on horizon
Trump: it's a "small price to pay"
Inflation fuels inequality
US midterm election coming soon
Donald Trump's approval rating
Fertilizer supply chain breakdown
Food price shock
Dubai airport shut down
Gulf monarchy reputation crisis
Iranian drones vs expensive missiles
Iran's Shahed 136 drone
Missile math in asymmetric war
Military-industrial complex profits
Gulf runs out of interceptor missiles
USA prioritizes Israel over GCC
What does victory look like?
US allies need more munitions
Deindustrialization
Trump meets with weapons CEOs
Corruption in Pentagon
Wall Street wins
US empire underestimates rivals
Iran destroys radar system
Iran hits energy infrastructure
Hotels hosting US military officials
US military uses civilian ports
Gulf monarchies are not neutral
Top oil producers, by country
Top oil exporters, by country
Top natural gas producers
Top LNG exporters
Strait of Hormuz alternatives
Saudi alternative oil pipeline
Iraq and Kurdish fighters
Insurance companies avoid region
Trump Hormuz US Navy proposal
China in talks with Iran
Asia imports most Gulf energy
China stockpiles commodities
China renewable energy strategy
India wants Russian oil
India's ties with USA & Israel
South Korea hurt by oil crisis
Europe faces new inflation shock
EU wants Russian oil
Ukraine backs Gulf dictatorships
Geopolitical reality
Gulf monarchy propaganda
Foreign nationals in GCC countries
Migrant workers in Persian Gulf
Asymmetric warfare results
End of "strategic patience" doctrine
Supreme leader Mojtaba Khamenei
Nuclear weapons
Clear losers of Iran war
Outro
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Show notes
After the US and Israel attacked Iran, Tehran's strategy of asymmetric warfare is clear: it closed the Strait of Hormuz and is attacking energy infrastructure in the Persian Gulf, causing global oil and natural gas prices to skyrocket, crashing stock markets, fueling inflation, and provoking an economic crisis that will hurt the USA and its allies.
The conflict has also become a battle of attrition. Iran is using cheap missiles and drones to deplete the defense interceptors of neighboring countries, which will be very difficult to replace, due to deindustrialization, despite Trump administration efforts to boost production.
Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=yAc9mgZrE6E
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