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<p>Renowned economist Michael Hudson considers the current conflict with Iran to be the "Third World War," arguing that the disruption of energy supply chains combined with soaring US interest rates will lead to the most severe global recession since the Great Depression. Hudson characterizes this as a "systemic rupture" of the global order rather than a mere downturn, with the greatest danger lying in the international community's lack of thought and preparation for alternative systems</p>

- Economist Michael Hudson warns that disruptions in the energy supply chain combined with soaring U.S. interest rates could lead to the most severe recession since the Great Depression of the 1930s.  
- He emphasizes that the ongoing conflict involving Iran has systemic implications, threatening the global economic order driven by U.S.-centric trade and financial practices.  
- Hudson concludes that the resulting supply chain breakdown will ignite widespread debt defaults, substantially impacting nations reliant on commodities like fertilizers and energy, leading to significant economic distress.

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After the Iran War, the World Will Never Be the Same