Michael Hudson: This Changes Everything: The World After Iran War

A fragile ceasefire emerges amid ongoing strikes in Lebanon and rising regional tensions. The discussion highlights how control of the Strait of Hormuz gives Iran major leverage over global energy flows, raising fears of a worldwide economic crisis if conflict escalates. Military escalation is seen as reaching its limits, pushing parties toward negotiation. The situation reflects a broader “mutual destruction” dynamic—where full war would harm all sides economically. With global powers divided and enforcement uncertain, the path to lasting peace depends on international pressure, cooperation, and credible guarantees.

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