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Home » Jeffrey Sachs: We Are Now in the Early Days of World War III (Transcript)

Jeffrey Sachs: We Are Now in the Early Days of World War III (Transcript)

Editor’s Notes: In this compelling interview, Professor Jeffrey Sachs joins Glenn Diesen to discuss the alarming escalation of global conflicts and the potential onset of World War III. Sachs analyzes the current war in the Middle East, the continued tensions in Ukraine, and what he characterizes as a dangerous decline in international law and the role of the United Nations. He offers a critical critique of U.S. foreign policy, describing it as a delusional pursuit of global hegemony that risks economic collapse and nuclear catastrophe. This conversation provides a deep exploration of the shift toward a multipolar world and the urgent need for diplomatic pragmatism to avoid further disaster.  (Mar 7, 2026) 

TRANSCRIPT:

Introduction

GLENN DIESEN: Welcome back. Professor Jeffrey Sachs joins us today to discuss, well, seemingly the unraveling of the world. So thank you very much for coming back on.

PROFESSOR JEFFREY SACHS: These are dramatic moments, no question about it. Absolutely unbelievable.

The War Against Iran and U.S. Strategy

GLENN DIESEN: Well, we are seeing now that we’ve entered the second week of the war against Iran and, well, the regime change operation is not going as planned, obviously. What do you see being the strategy of the United States now that they failed in the initial objective?

PROFESSOR JEFFREY SACHS: Strategy is a big word when it comes to Donald Trump. I don’t think there is a strategy. We don’t really know. And of course, at wartime, we will not be told what is going on behind the scenes. But what we can gather is a tremendous amount of confusion — a confusion about expectations of what would happen, a confusion about war aims, a confusion about the real situation on the ground.

So fog of war is the usual simile. I think we are absolutely befogged right now when it comes to Washington. The only public outlet we have is Donald Trump’s posts on Truth Social. These are the ravings of a madman. And this is also part of what we are experiencing. We have a war with great danger and complexity, and we have a president that is, in my view, mentally unhinged.

Are We Already Moving Into World War III?

GLENN DIESEN: I’ve repeatedly warned that the illusion of escalation control is what could take us to a Third World War, because this war is spreading fast and it’s very much out of control. Indeed, it’s not just war in Iran. We see, of course, Iran taking credit for hitting U.S. bases in several countries, yet it also denies the attack on Saudi Arabia, Azerbaijan and Turkey, which doesn’t seem to make much sense and could be, of course, the U.S. and Israel attempting to pull in proxies.

Well, we don’t know. But we do know that the U.S. is arming and pulling Kurdish fighters as a proxy into the war. And there’s now arguments that Russia is giving Iran intelligence, which I’m not sure is true, but it seems likely, as the U.S. gives Ukraine intelligence. And also after the decapitation strikes on Iran, there is immense pressure on Moscow now to restore its deterrence from further NATO attacks, while the Europeans talk about more nuclear weapons in quantity and spreading it around. Are we already moving into a World War III?

PROFESSOR JEFFREY SACHS: We are probably in the early days of World War III, and the question will be whether it is contained. But we’re already in a global war because there’s a war in the Western Hemisphere underway. And even as the attention is on Iran, Trump is signaling in his not so subtle way that the U.S. will take Cuba. This could very well happen. The war in Ukraine, of course, continues. The war in the Middle East is now across the Middle East. The war between Pakistan and Afghanistan is perhaps somehow related to this. An Iranian naval vessel was sunk off the coast of India. For all of these reasons, fighting is across the world. The fighting is at least loosely linked. We don’t know how closely linked it is.

Part of American strategy seems to be to try to corner and control the energy markets. This is not playing too well because the energy supplies are being blown up by the hour. And so we’re entering also a worldwide energy crisis that is likely to be extremely serious. And as they say, it’s not yet been priced into the markets. This is the usual way that cataclysmic global events are turned into financial jargon. But the point is we’re going to enter an energy crisis that is extraordinarily severe as well. This will hurt Europe considerably. It will threaten Asian countries deeply. It will probably mean spreading war.

There’s no doubt — and by the way, I shouldn’t say no doubt — I’d be shocked, absolutely, if Russia and China were not supporting Iran. Why wouldn’t they? They have a strategic relationship with Iran. China depends on Iran for oil. The United States is basically at war with China. And much of what the United States is doing is really aimed at China. For example, cutting off Venezuelan oil supplies to China, now aiming to cut off Russian oil supplies to China — though the waiver was just lifted because of the chaos — aiming to cut off Iranian supplies to China.

So if China isn’t supporting Iran, something’s wrong with all our textbooks, that’s for sure. If China were to stand by and let the U.S. take over the world, that would be quite strange.

The Attack on the United Nations and International Law

GLENN DIESEN: Well, this effort to take over the world energy markets, it’s very blatant. I mean, I just watched a clip on Fox News where they have an interview going, “Well, yes, any price we’re paying in this war will be outweighed by the massive benefits once we get control over Iran’s oil as well.”

And it made me think about the article you wrote recently arguing that the U.S.-Israeli attack on Iran is also an attack on the United Nations.