Globetrotting journalist Pepe Escobar discusses his article “Sinking the Petrodollar in the Persian Gulf;” the increasingly divergent US and Israeli “red lines” on Iran’s nuclear program; proposed pipelines that would route oil around the Persian Gulf, marginalizing Iran’s ability to shut the Strait of Hormuz; how sanctions on Iran have lessened the US dollar’s dominance in global oil trading transactions; and the civil strife in Syria, where the opposition is no more credible than the reigning minority Assad regime.

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