Richard Wolff: Hell in Hormuz: Shipping Giants No Longer Trust U.S. Military Protection

This interview explores escalating US-Iran tensions following the collapse of recent diplomatic agreements. It highlights severe risks to global oil markets, including potential strikes on energy infrastructure and the closure of vital shipping routes like the Strait of Hormuz. Beyond immediate military threats, the discussion examines the economic blowback on the US, such as rising inflation, unsustainable debt, and stalled interest rate cuts. Framed historically, the analysis portrays this conflict as a critical chapter in the Global South’s anti-colonial pushback against a declining US empire. It contrasts America's military overreach with China's strategic patience and sustained economic growth, warning that continued escalation risks a wider, devastating global conflict. Hosted on Acast. See acast.com/privacy for more information.