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The Real Costs of the Iran Conflict: Energy, Markets and the Shift to a Multipolar World

Chris joins Mario Nawfal to break down the real impacts of the Iran conflict on energy flows, the Strait of Hormuz, and the accelerating shift to a multipolar world. The full interview is below!

The User's Profile Chris Martenson May 13, 2026
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I was recently interviewed by Mario Nawfal, where we discussed the rapidly unfolding situation in the Middle East following the exchanges between Iran, Israel, and the United States. We dug into the real impacts on energy flows through the Strait of Hormuz, the fog of incomplete and conflicting information coming out of the region, the challenges of assessing true damage to infrastructure when satellite imagery and shipping data tell a different story than official narratives, and what this all means for global markets, supply chains, and the broader shift toward a multipolar world.

As someone who’s spent years tracking these complex systems, I emphasize looking past the headlines to the ground truth, because the cascading effects on oil, agriculture, and economic stability could be profound if things aren’t resolved carefully. The full interview is below.

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