Richard Wolff & Michael Hudson: Oil Prices SKYROCKET w/ Persian Gulf Blockade –Who Gets Hit Hardest?

Dialogue Works · Mar 6, 2026 · 1h 2m

Analysis of Middle East escalation argues war justifications against Iran echo past false WMD claims. Discussion covers oil politics, dollar hegemony, and regime change motives, as attacks on energy infrastructure spike global prices. Historical context includes the 1953 Mossadegh coup and decades of interventionism. Speakers contend settler-colonial projects face stronger resistance in today's anti-colonial era, while US fiscal constraints—rising debt, military spending hikes, weakening Treasury demand—challenge prolonged conflict. Proxy warfare and efforts to maintain unipolar control may…