Fate of Global South Hinges on Iran War, w/ Marxist Economist Prabhat Patnaik

Fate of Global South Hinges on Iran War, w/ Marxist Economist Prabhat Patnaik

From Rania Khalek Dispatches by Rania Khalek

March 23, 2026 · 53 min

About this episode

The episode discusses the implications of the Iran War on the global economy and the shifting dynamics of American power.

In week 4 of the U.S.-Israeli war of aggression on Iran, the global economy has been pushed to the brink. Iran’s disruption of the Strait of Hormuz shows just how key it is to global energy markets, supply chains, and food systems, putting millions at risk. So what happens when the U.S. no longer has a monopoly on economic coercion? Has Trump overplayed his hand? Are we witnessing the limits of American power and the beginning of a more chaotic global order? To break it all down, Ra...

People in this episode

Host: Rania Khalek

Guest: Prabhat Patnaik

Topics covered

  • Iran War
  • Global Economy
  • U.S. Foreign Policy
  • Energy Markets
  • Economic Coercion
  • American Power
  • Global Order

Keywords

  • Iran
  • U.S.
  • Israel
  • Global South
  • Economics
  • Energy
  • Supply Chains
  • Food Systems
  • American Power
  • Economic Coercion

Mentioned in this episode

Places: Iran, U.S., Israel, Strait of Hormuz

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