Aug 5, 2026 · 43 min · 12 segments
The United States has lost the war in Iran, and the consequences will be catastrophic. Bob Moriarty, a former Marine fighter pilot and founder of 321gold, argues that the conflict has triggered a…
Bob MoriartyGuest
Elijah K. JohnsonHostNow, I did want to focus on the Strait of Hormuz, and it's an interesting point that you've made that You know, the Strait of Hormuz was open before this war, and that's like the major achievement of this quote unquote deal is supposedly it's going to be opening.
But it's worse than we're not back where we started because of the unintended or the delayed consequences of the Strait being closed for so long.
But I did want to ask you, if we look at the oil price, it doesn't seem like it's done a whole lot.
You have raised a really good question, and very few people have addressed it accurately.
I did see one piece that suggested that instead of 20 million barrels a day being cut off supply, it was more like 6 million barrels a day.
Europe and the United States and Canada have emptied the SPR and that's kept prices down.
I think there's been some manipulation in the price of oil and quite bluntly for the price of oil to go from 100 bucks a barrel to 75 bucks a barrel.
So people hate me because I say everything is manipulated and the gold and silver bugs only want to agree that gold and silver manipulate, but everything's manipulated.
They have reduced the flow of oil to a lot of critical industries deliberately because they were trying to avoid a big spike in the price of gasoline.
However, you probably are not familiar with Cushing, but Cushing is in Oklahoma, and they store 400 million barrels of oil in big oil tanks.
So I think we're going to see a spike higher in the price of gasoline, a spike higher in the price of energy, no matter what happens.
Now, I did want to focus on the Strait of Hormuz, and it's an interesting point that you've made that You know, the Strait of Hormuz was open before this war, and that's like the major achievement of this quote unquote deal is supposedly it's going to be opening.
But it's worse than we're not back where we started because of the unintended or the delayed consequences of the Strait being closed for so long.
But I did want to ask you, if we look at the oil price, it doesn't seem like it's done a whole lot.
You have raised a really good question, and very few people have addressed it accurately.
I did see one piece that suggested that instead of 20 million barrels a day being cut off supply, it was more like 6 million barrels a day.
Europe and the United States and Canada have emptied the SPR and that's kept prices down.
I think there's been some manipulation in the price of oil and quite bluntly for the price of oil to go from 100 bucks a barrel to 75 bucks a barrel.
So people hate me because I say everything is manipulated and the gold and silver bugs only want to agree that gold and silver manipulate, but everything's manipulated.
They have reduced the flow of oil to a lot of critical industries deliberately because they were trying to avoid a big spike in the price of gasoline.
However, you probably are not familiar with Cushing, but Cushing is in Oklahoma, and they store 400 million barrels of oil in big oil tanks.
So I think we're going to see a spike higher in the price of gasoline, a spike higher in the price of energy, no matter what happens.
The rest of this transcript — segmented and speaker-labeled, so you land on the exact moment something was said
Search every transcript — by keyword, by phrase, or by meaning, across every show Radar indexes
Trends — what is surging across podcasts, measured against its own baseline
Alerts — when a name you follow appears in a newly indexed episode
No account is needed to search Radar.
