Prof. Steve Hanke Part2: Iran’s PPP GDP Climbing as War Going On in Hormuz & Red Sea

This interview explores the deep geopolitical dilemmas in the Middle East, focusing on the tension between US economic interests and the powerful influence of the Israel lobby. It discusses Israel's strategic plan for regional expansion and the push for military escalation against Iran, despite the severe economic risks to Gulf Cooperation Council (GCC) countries. The conversation highlights how prolonged conflict and deglobalization are negatively impacting Gulf economies, while inadvertently strengthening Iran's domestic unity. Ultimately, it warns that continued military involvement and sanctions only create stronger adversaries, fuel a global commodity supercycle, and push nations toward alternative alliances, leaving the region trapped in a long-term, unstable standoff. Hosted on Acast. See acast.com/privacy for more information.