Bonus Interview: Esfandyar Batmanghelidj on Why the US Will Lose the Economic War With Iran
Novara Live
Novara Media
4.8 • 577 Ratings
🗓️ 21 March 2026
⏱️ 37 minutes
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Summary
As the US weighs up a complete takeover of Kharg Island, Michael Walker speaks to analyst Esfandyar Batmanghelidj about why Trump has bitten off more than he can chew in the Middle East.
Transcript
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| 0:00.0 | According to an explosive report in Axios, Donald Trump is planning for the complete takeover |
| 0:09.0 | of Karg Island. |
| 0:11.0 | And the report, which is based on statements from four unnamed US officials, suggests the move |
| 0:14.6 | would be part of an effort to open up the Strait of Hormuz. |
| 0:18.5 | And Kag Island has longed an obsession of the Trump administration. |
| 0:22.6 | The island, which is located just off the Iranian coast in the Persian Gulf process, |
| 0:26.1 | is 90% of Iran's crude oil exports. |
| 0:29.0 | And it's vital for the Iranian oil industry, |
| 0:31.6 | as deep-sea oil tankers can safely embark there. |
| 0:36.0 | So the immediate Iranian coast in the Persian Gulf is too shallow for those giant tankers. |
| 0:40.3 | And that means Iran has built pipelines from all its major oil fields. |
| 0:43.3 | That's transported to Karg Island. |
| 0:45.3 | And then that oil is then processed and loaded onto ships via specialized tanker jetty. |
| 0:51.3 | You can see them there and on the eastern side of the island. |
| 0:55.3 | So could take in Karg Island be the key that unlocks the strait of Hormuz? That's what |
| 1:01.8 | Trump hopes and the sources who spoke to Axios also think so. So someone described as a |
| 1:07.6 | source with knowledge of the White House's thinking, said this. We need about a month to weaken the Iranians more with strikes, |
| 1:13.6 | take the island, and then get them by the balls and use it for negotiations. |
| 1:19.6 | So saying, well, we've got Kag Island. If you reopen the straight, we'll give it back. |
| 1:24.6 | Is it supposed to be a hostage situation? I'm not quite sure. Another person |
| 1:28.8 | described as a senior administration official said this. Trump wants Homer's open. If he has to |
| 1:36.3 | take Cargoyle and to make it happen, that's going to happen. If he decides to have a coastal invasion, |
... |
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