"Energy is at the heart of it" w/ Laleh Khalili
Makdisi Street
Bayt al Makdisi
4.9 • 643 Ratings
🗓️ 11 April 2026
⏱️ 88 minutes
🧾️ Download transcript
Summary
The brothers welcome University of Exeter Professor Laleh Khalili to the show to discuss the geopolitical and geoeconomic contexts of the US-Israeli war of aggression on Iran, including the role of Iran and the Gulf in global energy and trade markets and circuits; shifts in international trade and finance away from circuits controlled by the US and its coercive mechanisms of financial and trade sanctions; the gradual dismantling of US sanctions regime; Iran's destruction of US bases, radar systems and other military infrastructure in and around the Gulf; the role of the Arab Gulf states; the reshaping of Gulf and regional politics; strategic waterways such as Bab el Mandan and the Straits of Hormuz, the prospect of Iran generating income from tolls on ships passing through Hormuz and, at that, insisting on payment in renminbi rather than dollars, and, finally, the quest for energy sources driving various Israeli projects of war and occupation.
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Date of recording: April 2, 2026
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Transcript
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| 0:00.0 | Until the revolution, every single Israeli prime minister, with the exception of Moushe Charette, had visited Iran's Shah. |
| 0:09.0 | Every single prime minister, they had secretly visited Iran's Shah because Iran's monarchical regime was quite happy to provide the oil that Israel wanted to Israel. |
| 0:20.3 | And in fact, even after the revolution, commodity traders, |
| 0:24.0 | particularly Mark Rich, who your American audience may remember as the guy that Clinton pardoned, |
| 0:29.8 | Mark Rich, who then when he died, he got more or less almost like a state funeral. Mossad gave, you know, orations about him |
| 0:40.2 | having been a friend to Mossad. Mark Rich continued to deliver Iranian by oil from Iran, which |
| 0:46.5 | was under sanctions in the immediate aftermath of the revolution, and delivered oil to Israel. |
| 0:51.4 | So that has been, that has been, you know, |
| 0:54.2 | the sort of the relationship with the Gulf |
| 0:57.1 | in search of oil has always been |
| 0:58.6 | this incredibly significant thing. |
| 1:02.6 | Hello everybody and welcome back |
| 1:04.0 | to another episode of the Magdisniz Street podcast. |
| 1:07.0 | Today we're gonna talk about oil, |
| 1:09.1 | the Straits of Hormuz, the Red Sea, ships and the war in the Gulf today, Iran, and perhaps even the recent Trump speech and what this is telling us about what might happen in the coming weeks. |
| 1:21.6 | And we have no better person to really to host today than Professor Laleigh Khalili, who is a professor |
| 1:29.0 | of Gulf and Arab Studies at the University of Exeter. |
| 1:33.0 | And she's an expert on the politics of violence, counterinsurgency, policing, and she |
| 1:37.7 | has an incredible body of scholarly work, including numerous books. |
| 1:41.8 | Most recently, and I think relevant to our discussion today, |
| 1:45.0 | Lale has established yourself as an internationally renowned expert on the oil industry, |
| 1:49.0 | global trade, maritime infrastructure and the geopolitics, especially around the Gulf region. |
... |
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