US-Israeli war on Iran caused biggest oil crisis in history, endangering world economy

US-Israeli war on Iran caused biggest oil crisis in history, endangering world economy

Author: Ben Norton April 25, 2026 Duration: 21:47
The US-Israeli war on Iran has caused the largest oil supply shock in history, according to the International Energy Agency (IEA). Ben Norton explains how the attacks by Trump and Netanyahu, and the ensuing blockade of the Strait of Hormuz, have unleashed an energy crisis that could destabilize the global economy. VIDEO: https://www.youtube.com/watch?v=bUdyPJM_rOw Topics 0:00 Intro 0:23 Schrödinger's ceasefire 1:24 Energy crisis 3:11 Strait of Hormuz 5:14 Petrodollar 6:45 Blockade 7:35 Impact on Asia 10:46 Europe 11:29 Food crisis 13:38 China 16:20 Renewable energy 18:24 Trump's claims 19:41 Stagflation fears 21:34 Outro

Trying to make sense of international headlines often feels like seeing only the ripples on the water's surface, without understanding the powerful currents moving beneath. Geopolitical Economy Report, hosted by journalist Ben Norton, dives into those deeper forces. This isn't just a recap of the day's events; it's a dedicated exploration of how economic systems, historical context, and raw power politics fundamentally shape global conflicts and alliances. Each episode builds on the work of the independent news outlet of the same name, translating its original journalism and analysis into a compelling audio format. You'll hear detailed discussions that connect financial policies to social movements, or trace the historical roots of a modern trade war, always with an eye toward understanding the larger, changing structure of the world. For anyone tired of superficial news cycles and seeking a more substantive, connected perspective on why nations and institutions act the way they do, this podcast offers a crucial and clarifying lens. Tune in for a regular dose of context that the mainstream frequently overlooks.
Author: Language: English Episodes: 100

Geopolitical Economy Report
Podcast Episodes
Trump's China trip was a failure. This is why [not-audio_url] [/not-audio_url]

Duration: 22:48
Donald Trump said his visit to China was a success, but he failed to pressure Beijing to make any significant concessions. Ben Norton fact-checks the claims of the White House, showing how Washington's trade war backfire…
This is the real reason for Trump's visit to China [not-audio_url] [/not-audio_url]

Duration: 31:21
Donald Trump took a trip to China to meet President Xi Jinping. He was joined by the CEOs of a dozen top US corporations, including billionaires Elon Musk, Jensen Huang of Nvidia, Tim Cook of Apple, Larry Fink of BlackRo…
How the US uses oil as a geopolitical weapon [not-audio_url] [/not-audio_url]

Duration: 37:16
Oil has been at the center of the war on Iran. Ben Norton explains how the United States became the biggest oil producer on Earth, and how the US empire uses petroleum as a geopolitical and economic weapon, pushing for m…
China just prevented a war over Taiwan. This is how [not-audio_url] [/not-audio_url]

Duration: 36:25
The US government has pushed for years for a war with China, selling billions of dollars of weapons to separatists in Taiwan. However, those plans are falling apart, after the leader of the KMT, the Nationalist Party bas…