Geopolitical Economy Report
Geopolitical Economy Report
Ben Norton
The war on Iran is transforming the global economy: Economist Michael Hudson explains how
39 minutes Posted Mar 29, 2026 at 1:40 pm.
Intro
Highlights
Interview starts
US plan to control oil
USA war strategy
Struggle for sovereignty
Why the war started now
Petrodollar system
Strait of Hormuz
Largest oil crisis ever
Energy & food crisis
Debt crisis
Outro
0:00
39:47
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Show notes
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
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