Richard Wolff: Yemen's Bab al-Mandab Blockade & Hormuz Closure Shatter the Global Oil Market

Richard Wolff: Yemen's Bab al-Mandab Blockade & Hormuz Closure Shatter the Global Oil Market

Published: July 23, 2026

Duration: 59:15

Explore the escalating US-Iran conflict, the Strait of Hormuz blockade, and the massive global economic shockwaves. This in-depth analysis breaks down the failure of US sanctions and military strategies, revealing how modern missile and drone warfare are exposing the vulnerabilities of the American empire. Discover the historic geopolitical shifts as nations bypass US hegemony, and understand the domestic crises fueling Washington's desperation. A crucial look at the decline of unipolarity and the birth of a new multipolar world order.

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