Iran War Causing ‘Fundamental Shift’ In How Resources Are Distributed w/ Prof. Richard Wolff

Iran War Causing ‘Fundamental Shift’ In How Resources Are Distributed w/ Prof. Richard Wolff

From The Socialist Program by The Socialist Program

May 27, 2026 · 33 min

About this episode

The episode discusses the impact of the US-Iran war on global resource distribution, particularly focusing on oil and fertilizer trade through the Strait of Hormuz.

According to the International Energy Agency, around 25% of the world's seaborne oil trade is transiting through the Strait of Hormuz, and the options to bypass it are limited. According to the UN Trade and Development Organization, around 30% of global seaborne fertilizer volumes pass through the Strait of Hormuz. Both have been significantly impacted by the US-Iran war. Professor Richard Wolff and producer Nicole Roussell discuss. Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com . Join the The Socialist Program community at http://www.patreon.com/thesocialistprogram to get exclusive content and help keep this show on the air.

People in this episode

Host: Brian Becker

Guest: Prof. Richard Wolff

Topics covered

  • Iran War
  • Resource Distribution
  • Global Trade
  • Oil Trade
  • Fertilizer Trade
  • Economic Impact

Keywords

  • Iran War
  • oil trade
  • fertilizer trade
  • Strait of Hormuz
  • resource distribution
  • global economy
  • Richard Wolff

Mentioned in this episode

Organizations: Democracy at Work, International Energy Agency, UN Trade and Development Organization

Places: Iran, Strait of Hormuz, US

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