Iran War Causing ‘Fundamental Shift’ In How Resources Are Distributed w/ Prof. Richard Wolff
From The Socialist Program with Brian Becker 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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