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