Iran's War Strategy Is Now Clear: Raise Oil Prices, Crash Stock Markets, Cause Economic Crisis

After the US and Israel attacked Iran, Tehran's strategy of asymmetric warfare is clear: it closed the Strait of Hormuz and is attacking energy infrastructure in the Persian Gulf, causing global oil and natural gas prices to skyrocket, crashing stock markets, fueling inflation, and provoking an economic crisis that will hurt the USA and its allies.

The conflict has also become a battle of attrition. Iran is using cheap missiles and drones to deplete the defense interceptors of neighboring countries, which will be very difficult to replace, due to deindustrialization, despite Trump administration efforts to boost production.

Ben Norton explains.

Topics

0:00 Iran conflict becomes war of attrition

1:10 USA: "punch them while they're down"

1:45 US military vs Iranian military

2:25 Asymmetric warfare

3:30 Decentralized mosaic defense doctrine

4:13 Guerrilla economic warfare

5:08 Oil price skyrockets to over $100

5:30 Strait of Hormuz closed

6:00 Energy infrastructure hit in Persian Gulf

7:19 Economic crisis on horizon

7:54 Trump: it's a "small price to pay"

8:46 Inflation fuels inequality

9:47 US midterm election coming soon

10:46 Donald Trump's approval rating

11:08 Fertilizer supply chain breakdown

11:28 Food price shock

12:33 Dubai airport shut down

12:54 Gulf monarchy reputation crisis

14:06 Iranian drones vs expensive missiles

15:15 Iran's Shahed 136 drone

16:56 Missile math in asymmetric war

18:47 Military-industrial complex profits

19:24 Gulf runs out of interceptor missiles

20:29 USA prioritizes Israel over GCC

23:26 What does victory look like?

25:25 US allies need more munitions

26:25 Deindustrialization

28:08 Trump meets with weapons CEOs

29:16 Corruption in Pentagon

30:49 Wall Street wins

31:45 US empire underestimates rivals

32:28 Iran destroys radar system

33:07 Iran hits energy infrastructure

33:32 Hotels hosting US military officials

34:54 US military uses civilian ports

36:10 Gulf monarchies are not neutral

37:08 Top oil producers, by country

37:35 Top oil exporters, by country

38:24 Top natural gas producers

38:39 Top LNG exporters

39:11 Strait of Hormuz alternatives

40:10 Saudi alternative oil pipeline

41:11 Iraq and Kurdish fighters

42:31 Insurance companies avoid region

43:13 Trump Hormuz US Navy proposal

44:15 China in talks with Iran

44:58 Asia imports most Gulf energy

45:38 China stockpiles commodities

47:58 China renewable energy strategy

49:23 India wants Russian oil

49:57 India's ties with USA & Israel

51:39 South Korea hurt by oil crisis

52:12 Europe faces new inflation shock

52:39 EU wants Russian oil

53:17 Ukraine backs Gulf dictatorships

54:08 Geopolitical reality

54:53 Gulf monarchy propaganda

56:00 Foreign nationals in GCC countries

56:34 Migrant workers in Persian Gulf

58:32 Asymmetric warfare results

59:59 End of "strategic patience" doctrine

1:00:55 Supreme leader Mojtaba Khamenei

1:01:57 Nuclear weapons

1:03:29 Clear losers of Iran war

1:04:42 Outro

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