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The John Batchelor Show

S8 Ep592: 9. John Hardie (SEG 9): Hardy details how the Iran war benefits Russiathrough increased oil revenue and the depletion of Western munitions needed by Kyiv. He reports that the U.S.-led peace process in Ukraine is fizzling. (10)

The John Batchelor Show

John Batchelor

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4.52.8K Ratings

🗓️ 17 March 2026

⏱️ 9 minutes

🧾️ Download transcript

Summary

9. John Hardie (SEG 9): Hardy details how the Iran war benefits Russiathrough increased oil revenue and the depletion of Western munitions needed by Kyiv. He reports that the U.S.-led peace process in Ukraine is fizzling. (10)
1864 Odessa

Transcript

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0:00.0

I'm John Batchel. I welcome Bill Rajo, Senior Fellow Foundation for Defense of Democracies.

0:21.4

He keeps the Longware Journal. And filing at the FD.org site, as well as the Longwear Journal,

0:26.4

we welcome our colleague of FD, John Hardy, to report on the Ukraine War, which I note is not now part of the discussion in Europe these last hours.

0:38.9

The headlines from the F.T.

0:46.7

remade in midday, London. Germany and UK refused to be drawn into wider war. Also,

0:54.1

subhead, Japan and France dismiss prospect of sending vessels to help open the Strait of Hormuz.

0:57.2

The remark earlier in the day from the F.T.

1:01.6

Trump warns NATO faces, quote, very bad future, end quote,

1:04.2

if allies fail to help U.S. in Iran.

1:06.0

I believe the answer is now clear.

1:09.1

They are going to refuse the wider war.

1:14.0

However, there is the crisis, the tragedy ongoing of Ukraine.

1:19.2

So we welcome John Hardy to comment on this FTT story in these last hours.

1:27.1

The U.S.-led peace process in Ukraine is fizzling out because Donald Trump is losing interest in the talks and his war against Iran

1:29.0

is easing pressure on Russia. Officials say, the conflict in the Middle East has diverted Washington's

1:35.6

attention from a peace deal, according to four EU diplomats involved in talks with Ukraine.

1:41.7

At the same time, the diplomat said it was benefiting Russia through higher

1:45.5

oil prices, a suspension of U.S. sanctions, and rapid depletion of American munitions.

1:51.5

According to Keefe, those are needed in Keefe, not in Strait of Hormuz.

1:58.1

John, a very good evening to you. This looks all shattering and confusing,

2:03.6

not only from Keith's point of view, but from my point of view here in the East Coast of the U.S.

2:08.2

How do you read this, John? Good evening to you.

...

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