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The Oil Shock That Could Break the Global Financial System

michael-hudson.com · published 31 March 2026

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https://finance.yahoo.com/news/worst-nightmare-iran-war-is-the-biggest-oil-shock-in-history-analysts-say-100051089.html

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https://abcnews.com/Business/philippines-declares-national-energy-emergency-asia-risks-energy/story?id=131397194

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https://www.theguardian.com/world/2026/mar/24/japan-oil-release-national-reserves

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https://www.iea.org/news/iea-member-countries-to-carry-out-largest-ever-oil-stock-release-amid-market-disruptions-from-middle-east-conflict

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https://www.politico.eu/article/iran-war-global-recession-finland-president-alexander-stubb/

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https://www.pbs.org/newshour/economy/global-economy-faces-major-major-threat-from-iran-war-iea-head-says

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https://www.theguardian.com/business/2026/mar/26/iran-war-us-gas-fuel-oil-fertilizer-prices

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https://michael-hudson.com/books/super-imperialism-the-economic-strategy-of-american-empire/

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Why This War Could Reshape the World Read at the source ↗

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Multipolar Oil Markets Are Now a Reality Read at the source ↗

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https://www.scmp.com/economy/global-economy/article/3347893/iran-war-could-boost-chinas-petroyuan-and-weaken-us-dollar-dominance-analysts-say

scmp.com

https://www.reuters.com/world/middle-east/us-investigation-points-likely-us-responsibility-iran-school-strike-sources-say-2026-03-06/

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https://www.theguardian.com/global-development/2026/mar/05/at-least-dozen-hospital-and-health-facilities-in-iran-hit-since-us-israel-attacks-began-who-says

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https://www.democracynow.org/2007/3/2/gen_wesley_clark_weighs_presidential_bid

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