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

Published 17 Aug, 2026 06:59
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28:19

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.

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