Pepe Escobar & Larry C. Johnson: Trump is LOSING Control - Iran WIPES OUT Strategic Military Targets

Hormuz crisis escalates as European allies decline US naval coalition calls. Iran strategically controls oil transit—blocking US/Israeli interests while negotiating passage for others. Discussion examines how this threatens petrodollar hegemony, accelerating yuan-based energy trade and alternative payment systems. Key points: Iran's military resilience, depleted Western air defense stocks, interconnected Ukraine-West Asia conflicts, failed regime change expectations, and rising BRICS cooperation. One chokepoint may reshape global power as the Global South embraces multipolar alternatives beyond US unilateral dominance. Analysis covers diplomatic isolation of Washington, strategic miscalculations, insurance market collapse, and how energy security realignments could end dollar reserve currency status.

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