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The Owen Jones Podcast

Iran: The BIGGEST DEFEAT In US History?

The Owen Jones Podcast

Owen Jones

Politics, Government, News & Politics, News

4.41.4K Ratings

🗓️ 24 March 2026

⏱️ 23 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

The US elite is in a state of panic, outright panic, as they realise that the Iran war is ending US hegemony.

0:08.2

The US has been a global superpower for over eight decades and has had unchallenged global hegemony for 35 years.

0:18.6

Now, its power was already in chaotic decline because of other military strategic disasters,

0:23.9

for example, like Iraq, like Afghanistan, like Libya, and because of a crisis-stricken economic

0:30.3

model as the 2008 financial crash from which we never recovered has underlined.

0:34.8

Donald Trump himself is a symptom of US decline,

0:39.1

but he is also an accelerant of US decline as the Iran catastrophe underlines. As we'll see,

0:46.3

the gravity of the situation is sinking in amongst US elites, the end of US supremacy,

0:52.1

although that itself comes with an important warning, which will discuss.

0:55.9

All of this to be clays down to Iran, having control of the strait of Hummus,

1:00.4

one of the world economy's main arteries, and its power to destroy the energy infrastructure

1:05.4

and water desalination plants of the Gulf states, and thus plunged the world into a global

1:10.6

depression. It's already

1:11.8

causing economic mayhem in the United States. That's why Trump has retreated from his threat

1:17.5

to attack Iranian energy infrastructure, its power stations, and is now claiming to be negotiating

1:24.3

with Iran, which Iran says is a lie. Indeed, the Iranian regime has become more hard line because of the war.

1:30.3

For example, Israel killed Ali Larijani, the country's national security adviser last week.

1:35.3

He was seen as relatively pragmatic and moderate.

1:39.3

He's now just being replaced by a general described as being uber hawkish.

1:45.8

Wow, impressive.

1:47.5

Now, let's talk about this panic.

1:49.8

Let's start with Donald Trump's former defence secretary, General Jim Mattis.

...

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