
The Chris Hedges Report America’s Suez Crisis (w/ Alastair Crooke) | The Chris Hedges Report
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Apr 11, 2026 Alastair Crooke, former British diplomat and Middle East analyst, discusses Islamabad talks and Iran’s ten-point plan. He contrasts Iran’s strategic strength with Israel’s multiple pressures. He frames Hormuz as a modern Suez and explains the economic and geopolitical stakes shaping the negotiations.
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Hormuz Control Gives Iran Massive Economic Leverage
- Iran monetizes Hormuz control through oil sales and transit tolls, potentially earning near a trillion dollars annually.
- Examples: five tankers loading 7.7M barrels earned $850M in one day and tolls of ~$2M per tanker amplify revenue.
Financial And Tech Pressure Undermines Petrodollar Hegemony
- Iran pushes non-dollar settlement and challenges Gulf tech dependencies to deculturize US financial dominance.
- Crooke cites insistence cargos be paid in yuan and pressure to remove Microsoft/Amazon data centers in the Gulf.
Hormuz Geography Makes Military Reopening Impractical
- The Strait of Hormuz is geographically defensible with caves, cliffs, anti-ship missiles, submersible drones and mini-submarines.
- Crooke details tunnels, lithium-powered submersible drones, high-speed surface drones, and artillery cover making amphibious assault suicidal.

