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