Has the Balance of Global Power Just Shifted to Israel?

The David McWilliams Podcast

David McWilliams

News & Politics

4.6 • 643 Ratings

🗓️ 26 June 2025

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Has Israel just become the undisputed power in the Middle East? After a lightning-fast 12-day conflict, oil prices fell instead of spiking, Iran backed off with symbolic missile strikes (after giving the U.S. a heads-up), and Russia is suddenly too nostalgic about its expats in Tel Aviv to pick a side. We unpack how this war, short, sharp, and stunning, shifted the entire balance of power in the region. Why didn’t the Strait of Hormuz crisis materialise? Why are markets pricing in peace while Gaza burns? And what does this all mean for Iran’s regime, which now looks more cornered than combative? We also take a surprising detour through France, exploring how language is shaped by power, and why the poor speak more languages than the rich. Is this the start of a new Middle East? Or just the next chapter in a permanent struggle?

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Transcript

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0:00.0	How are you doing there just before we start money?
0:03.0	A Story of Humanity is out in paperback now.
0:07.0	It is Waterstone's book of the month for July.
0:11.4	It is a fascinating...
0:13.0	Well, I would say that, John, wouldn't I?
0:15.0	Well, that's fair enough, you know.
0:17.4	Fascinating read, your summer read, your beach read,
0:20.7	Money, a Story of Humanity humanity out in paperback now.
0:23.9	It's a blockbuster.
0:25.2	It is.
0:29.2	Hey, we're still off a pickleball Sunday.
0:31.2	Hold on a sec.
0:32.6	Hey, how's the hustle?
0:33.7	Pretty busy.
0:34.5	No time to chat.
0:35.3	I'm married to the grind.
0:36.7	He's asking me my 10K time.
0:38.6	That's none of your business.
0:39.9	This place.
0:41.3	So boring.
0:42.7	It's just not me.
0:43.9	Oh dear.
	...

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