Iran War & Strait of Hormuz Energy Crisis Reveal Decline of U.S. Empire: Historian Alfred McCoy
March 23, 2026
336,456
5,798
995
2.02%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Amy Goodman Episodes Around March 23, 2026
See what was published immediately before and after this episode.
20:45Now PlayingIran War & Strait of Hormuz Energy Crisis Reveal Decline of U.S. Empire: Historian Alfred McCoy
YouTube Description
as posted by the channelSupport our work
The U.S.-Israeli war on Iran has now entered its fourth week. The de facto closure of the Strait of Hormuz by Iranian forces is being felt worldwide, as shipments of oil, natural gas and fertilizer have been drastically curtailed. A fifth of the world's oil supply transits through the strait, and the price of oil is up by about 50% since the war began in late February.
On Saturday evening, President Trump threatened Iran on social media, saying he would "obliterate their various power plants, starting with the biggest one first," if the Strait of Hormuz was not fully reopened within 48 hours. He later extended his deadline by five days following Iranian threats to destroy essential infrastructure, including energy and water systems, across the Gulf. Iran has denied reports of direct or indirect talks with the U.S.
If Iran can keep the Strait of Hormuz closed and "hold Washington to ransom," it will have significant leverage, says Alfred McCoy, professor of history at the University of Wisconsin-Madison. "In a strategic analysis, Iran right now is in the dominant position."
Democracy Now! is an independent global news hour that airs on over 1,500 TV and radio stations Monday through Friday. Watch our livestream at democracynow.org Mondays to Fridays 8-9 a.m. ET.
Subscribe to our Daily Email Digest
Links & Promotions
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.