Richard D. Wolff & Michael Hudson: What Is Occurring Is Really WORLD WAR III

Analysis of US-Iran war reveals it as political distraction pursuing oil control. Iran vows to expel US from Middle East, risking global oil, gas & fertilizer crises. Conflict accelerates American imperial decline, forcing allies to reconsider US dependence. Gulf monarchies face pressure as populations suffer rising costs. With Russia & China backing Iran, the war signals global realignment away from dollar systems. Failed post-WWII institutions may be replaced as Global South navigates transition. Iran's sanctions resilience suggests prolonged conflict, with world economies bearing costs of struggle over Middle East's resources & future.

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