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Iran War: Trump’s oil market manipulation and the breakdown of US dollar hegemony (Philip Pilkington)

On this episode of Going Underground, we speak to Philip Pilkington, author of ‘The Collapse of Global Liberalism’ and host of the ‘Multipolarity’ podcast. He discusses how Donald Trump has manipulated markets to keep oil prices artificially low using Truth Social and mainstream media, how China and the United States likely struck a deal for China to reduce its oil imports to stave off an oil shock while the US signed the Memorandum of Understanding, why there is no plan at all for the US war on Iran, oil market manipulation since the beginning of the Russia-NATO proxy war in Ukraine, why he predicts the Strategic Petroleum Reserve will likely creak before the midterms, why this could be the end of the US dollar global financial system, and much more.

17.08.2026
28:19 min
17.08.2026
28:19 min
0:00
Iran War: Trump’s oil market manipulation and the breakdown of US dollar hegemony (Philip Pilkington)
Twice a week, award-winning journalist Afshin Rattansi and his team go underground to cover geopolitics and current affairs from a perspective you won’t find in the mainstream media, with some of the most high-profile guests.