US-Israeli war on Iran caused biggest oil crisis in history, endangering world economy
About this episode
Ben Norton discusses how the US-Israeli war on Iran has led to the largest oil supply shock in history, threatening the global economy.
The US-Israeli war on Iran has caused the largest oil supply shock in history, according to the International Energy Agency (IEA). Ben Norton explains how the attacks by Trump and Netanyahu, and the ensuing blockade of the Strait of Hormuz, have unleashed an energy crisis that could destabilize the global economy. VIDEO: https://www.youtube.com/watch?v=bUdyPJM_rOw Topics 0:00 Intro 0:23 Schrödinger's ceasefire 1:24 Energy crisis 3:11 Strait of Hormuz 5:14 Petrodollar 6:45 Blockade 7:35 Impact on Asia 10:46 Europe 11:29 Food crisis 13:38 China 16:20 Renewable energy 18:24 Trump's claims 19:41 Stagflation fears 21:34 Outro
People in this episode
Host: Ben Norton
Topics covered
- US-Israeli war on Iran
- oil crisis
- energy crisis
- Strait of Hormuz
- global economy
- food crisis
- renewable energy
Keywords
- oil supply shock
- energy crisis
- Strait of Hormuz
- petrodollar
- stagflation
- Trump
- Netanyahu
- blockade
- global economy
Mentioned in this episode
Organizations: International Energy Agency
Places: Strait of Hormuz, Asia, Europe, China
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