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

Page: https://stenobird.com/podcast/geopolitical-economy-report-5434689/us-israeli-war-on-iran-caused-biggest-oil-crisis-in-history-endangering-world-economy
Text version: https://stenobird.com/podcast/geopolitical-economy-report-5434689/us-israeli-war-on-iran-caused-biggest-oil-crisis-in-history-endangering-world-economy.md
Podcast: [Geopolitical Economy Report](https://stenobird.com/podcast/geopolitical-economy-report-5434689)
Published: 2026-04-25T14:53:43+00:00
Episode link: https://soundcloud.com/geopoliticaleconomy/war-iran-oil-crisis-economy
Audio file: https://feeds.soundcloud.com/stream/2309113823-geopoliticaleconomy-war-iran-oil-crisis-economy.mp3
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Duration seconds: 1307

## Resource

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

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