Michael Hudson and Richard Wolff explain how the oil war could force importing nations into US-backed debt, deepen austerity and hasten de-dollarisation.
Trump’s Economic Waterloo
Michael Hudson argues that Iran’s resilience is exposing America’s military limits, financial fragility and attempt to postpone an economic reckoning until after the November elections.
Global Shakedown
The conflict with Iran is not about nuclear weapons. It is a struggle over oil, dollar dominance and whether nations can control their own trade and resources.
The Desperate Defense of Dollar Empire
Michael Hudson and Richard Wolff argue that the confrontation with Iran cannot be understood as another isolated Middle Eastern crisis. It is part of a wider struggle over oil, trade routes, dollar reserves and the survival of the Western-controlled financial order.
The Dollar Trap Is Breaking
Michael Hudson and Richard Wolff argue that the Iran crisis reveals a deeper shift: US military power, dollar dominance and Western control are all weakening.
The Limits of Empire
https://www.youtube.com/watch?v=67SDkp9xuao Nima Alkhorshid: Hi, everybody. Today is Thursday, June 11th, 2026, and our dear friends, Richard Wolff and Michael Hudson, are here with us. Welcome back, Richard. Mike. Michael Hudson: Good to be here right now. And what an important time. Nima Alkhorshid: Yeah, exactly. What has happened last night was a confrontation between the United States and Iran. The United States decides to attack Iran. The attacks were basically in some two islands: Sirri Island and Qeshm Island, in the Persian Gulf, close to the Strait of Hormuz. And then we had the attack in one of the cities close to the capital of Iran, Karaj, two strikes in that city. And the other part, one of the important outcomes of this, the highlights of the attack, American attack, was they were trying ...
When Control Becomes the Imperial Trap
Michael Hudson and Richard Wolff argue that the struggle over the Strait of Hormuz marks a turning point in the decline of US imperial control. The discussion links Iran, oil, BRICS, development economics and the need for a new international economic order beyond dollar-centred dominance.
The Last Colonial Wars
Wolff and Hudson on Iran, the Strait of Hormuz, and why no deal with the US is possible — as Western colonialism enters its final, most dangerous phase.
How Iran Turned Oil Into the Empire’s Weak Point
Michael Hudson and Richard Wolff explain how the Iran war has exposed the economic limits of U.S. power, with oil prices, gold flows, Gulf alliances and the Strait of Hormuz turning against Washington.
Wall Street’s Exit Plan Is You
https://www.youtube.com/watch?v=2G_tmui5fag Nima Alkhorshid: Hi, everybody. Today is Thursday, April 16, 2026, and our dear friend Richard Wolff and Michael Hudson are here with us. Welcome back. Richard Wolff: Glad to be here. Nima Alkhorshid: Let me start, Richard, with the blockade in the Strait of Hormuz, which is the new policy of the Trump administration. The main objective of the blockade is to limit Iran’s capability to export oil and other energy components. Here is what we’ve learned so far from tankertrackers.com. They have reported visual confirmation that Iran has shipped out 9 million barrels of crude oil. This export came from the Gulf of Oman since the blockade of the United States. They had another 2 million barrels departed three days ago. This shows how the blockade is working somehow for the United ...
