13 May 2026

What the Iran War is going to the Dollar System.

Adnan and Benji and I continue our conversation about the latest developments in
geopolitical economy. We discuss the consequences of Iran's restriction of
commercial trade through the Strait of Hormuz for dollar hegemony and more
broadly on the global economy. What to the swap lines announced by Scott Bessant
to the UAE and other gulf economic imply for the dollar system: Strength wor
weakness? We return to the question of whether there is method in Trump's
madness, this time in relation to the idea that China is the key target of the
Iran War and the theory that global energy control has been the main strategic
goal of US interests. And we discuss the Trump's strange relationship with
China.