"Iran determines what happens to the global economy" | Kees de Kort on oil shortages, Iran, Ukraine, and Nexit

Paul Buitink speaks with Kees de Kort about the escalating conflict between the United States and Iran, the shift toward a multipolar world order, Europe’s growing vulnerability, the energy transition, and the current state of Dutch politics.

According to Kees, Iran has already achieved a geopolitical victory by leveraging its strategic position around the Strait of Hormuz, giving it significant influence over the global economy. He argues that the United States must come to terms with the reality that countries such as China, Russia, and Iran are demanding a larger role on the world stage. In his view, Trump is primarily looking for a way to exit the conflict without losing face.

They also discuss the economic impact of rising oil and energy prices. Kees warns that Europe is especially vulnerable due to its heavy dependence on external energy sources and years of misguided energy policy. He points to decisions such as the closure of the Groningen gas field, the aggressive energy transition agenda, and increasing regulatory pressure as examples of policies that are placing growing strain on entrepreneurs and industry.

In addition, the conversation explores the widening gap between those benefiting from the economy and those who are finding it increasingly difficult to make ends meet. Finally, they examine the role of the media, the fragmentation of the political right, and the lack of decisiveness within both European and Dutch politics.