📰 Subscribe to UnHerd today at: https://bit.ly/4cfaeH0 In this episode of The Econoclasts, Yanis Varoufakis and Wolfgang Munchau dismantle the narratives surrounding the closure of the Strait of Hormuz, breaking down how the resulting energy shock could trigger a permanent global recession. As the West faces systemic economic damage and a depleted military arsenal, and Russia reaps a massive financial windfall, is the West sleepwalking into a dual defeat in both Iran and Ukraine? Watch it on the UnHerd website: https://unherd.com/watch-listen/iran-is-a-big-tech-beta-test/ Listen to the podcast: https://plnk.to/unherd?to=page Advertise on UnHerd @ zoe.white@unherd.com Follow UnHerd on social media: Twitter: https://twitter.com/unherd Facebook: https://www.facebook.com/unherd/ Instagram: https://www.instagram.com/unherd/ TikTok: https://www.tiktok.com/@unherdtv //TIMECODES// 00:00 - 00:49 - Intro 00:49 - 01:48 - Today’s topics 01:48 - 07:20 - Strait of Hormuz shock 07:20 - 10:58 - Trump’s trap and scenarios for a prolonged Iran war 10:58 - 14:54 - Trump’s political downfall and an endless war 14:54 - 18:19 - AI–military complex 18:19 - 19:35 - Tech power and the West 19:35 - 20:10 - London live show promo 20:10 - 26:00 - Why the war favours Russia 26:00 - 31:36 - A Ukraine peace blueprint 31:36 - 35:19 - Rethinking NATO’s role 35:19 - 36:38 - Final thoughts #UnHerd #IranWar #Trump