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Peak Prosperity

Closing This Global Oil Chokepoint Crashes the World’s Economy

Peak Prosperity

Chris Martenson

Government, Investing, Business

4.7591 Ratings

🗓️ 21 June 2025

⏱️ 21 minutes

🧾️ Download transcript

Summary

Iran has the capacity to militarily shut down tanker traffic through the Strait of Hormuz. If it does, and that lasts for more than a month, then the world economy will suffer a heart attack. Can they do it? Yes. Will they? That all depends on what Trump does next.

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Transcript

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0:00.0

Trump is currently deciding if he's going to strike at Iran.

0:05.0

Now if he does, and Iran responds by closing the Strait of Hormuz, things are going to get really bad.

0:13.0

The following is the audio version of a video released at peak prosperity.com.

0:19.0

Visit peakprosperity.com to watch the video and to find other insightful

0:23.7

content such as articles, discussion forums, and exclusive subscriber-only content.

0:36.6

Hello everyone, Dr. Chris Martinson here, and I'm back with another update for you.

0:41.2

I have to ask and answer this question, what happens if the Strait of Hormuz gets closed?

0:45.6

Now, if you don't know what the Strait of Hormuz is, that is a tiny little stretch of water that exists in the Persian Gulf,

0:52.6

and here we can see all of the different

0:55.1

choke points or passage points, if you will, for how oil transits around the world, with the

1:01.0

numbers in there being millions of barrels per day, straight of Hermuz clocking in at 20.9,

1:05.5

let's call it 21, Strait of Malacca, Panama Canal, all of those other places. So straight of

1:10.6

removes obviously very, very important.

1:12.9

And by the way, some of that 20.9 also comes out of there and then goes through the Strait of Malacca.

1:18.3

So a little double counting in here.

1:19.9

This is the Strait of Ramuz in that red circly area right there.

1:24.1

This is Iran, the UAE here.

1:27.2

And all of these countries, you have Saudi Arabia,

1:30.0

in Iraq, and Qatar, everybody who produces oil puts it on a boat, and it has to go right

1:37.6

past this little bend right here. So we have to talk about this because the street is just a two

1:43.1

mile wide, it's got a couple of two

1:45.1

mile wide navigable channels one for inbound one for outbound that's it it's so narrow there's

...

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