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

About this episode

The episode discusses the impact of the US-Iran war on global oil and fertilizer trade with Professor Richard Wolff.

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: 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
• economic impact
• Richard Wolff

Mentioned in this episode

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

Places: Iran, Strait of Hormuz

More episodes of The Socialist Program with Brian Becker

• Trump Is Stuck In A Foreign Policy Dead End · June 10, 2026 · 27 min
• Biggest Home Insurance Companies Denied Nearly Half of Last Year’s Claims · June 3, 2026 · 26 min
• U.S. Inequality Can’t Be Propped Up By Force Alone w/ Prof. Richard Wolff · May 20, 2026 · 33 min
• US Claims Cuba Planning Drone Attack, While Actually Planning To Attack Cuba [Preview] · May 18, 2026 · 7 min
• Iran: A Bigger Defeat Than Vietnam? [Preview] · May 13, 2026 · 6 min
• Spirit Is Gone, But We Could Build A People’s Airline In The United States · May 13, 2026 · 26 min