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Home » Seyed M. Marandi: U.S. Attacked World’s Largest Gas Field & Iran Declares Economic War (Transcript)

Seyed M. Marandi: U.S. Attacked World’s Largest Gas Field & Iran Declares Economic War (Transcript)

Editor’s Notes: In this episode, Professor Seyed Mohammad Marandi joins Glenn Diesen to discuss the dramatic escalation of conflict following attacks on Iran’s critical infrastructure, including the world’s largest natural gas field. Marandi analyzes Iran’s strategic leverage through its control of the Strait of Hormuz and outlines why he believes U.S. and Israeli efforts at intimidation and assassination will ultimately fail to achieve their objectives. The conversation explores the potential for a global economic crisis if hostilities continue and examines the shifting political dynamics and military capabilities across the Middle East. (Mar 19, 2026) 

TRANSCRIPT:

Introduction

GLENN DIESEN: Welcome back. We are joined today by Seyed Mohammad Marandi, a professor at Tehran University and a former advisor to Iran’s nuclear negotiation team, to discuss this new round of very dramatic escalations occurring in the war against Iran. So thank you very much for coming back on.

SEYED M. MARANDI: Thank you, Glenn. It’s always a great pleasure being on your show.

Attack on Iran’s Infrastructure and the Escalation Ladder

GLENN DIESEN: Well, as I said, there seems to be some very powerful round of escalation. First we heard about this attack on the Bushehr nuclear power plant. That is, it didn’t hit the nuclear reactor, but well, close enough to create some concern about what could happen in such an attack in terms of nuclear contamination. We’ve seen further assassinations of Iranian leaders and also, of course, the most recent — yeah, coming breaking news now over the past two hours, it seems — was this attack on this south parts in Tehran, which is the largest natural gas field in the world.

I mean, I guess Iran has many ways of retaliating. How are you assessing this situation and where do you see this heading?

SEYED M. MARANDI: Well, there are a number of things. One is that Iran has a very strong chokehold on Trump and the Trump regime. And that is, of course, the Strait of Hormuz and the vulnerability of Saudi Arabia. Even as it exports a portion of its oil through the Red Sea, Iran can block that with missiles and drones. And it is doing that with regards to the Emirates and that portion of oil that it exports from outside the Persian Gulf.

So this is a very difficult situation for Trump. And as he admitted, he didn’t think — or his administration didn’t think, I’m not clear to me where the fault exactly lies — they didn’t think that Iran was going to attack US assets in the Persian Gulf region or shut the Strait of Hormuz, which I find extraordinary because you and I and many others, I think, knew quite well that such a thing would happen. We’ve been discussing this together for maybe a couple of years.

So when this happened, Trump, of course, made many bold threats. He saw that they weren’t working and he, despite saying that Iran was obliterated, again he called for the entire world to help him open the Strait of Hormuz. And everyone said no. Obviously, Iran hasn’t been obliterated. Iran’s navy — almost the entire navy that is used for wartime — is in tunnels. And they will enter the Persian Gulf, the Gulf of Oman and the Indian Ocean when the time comes. They are speedboats with missiles. And Iran’s missile capabilities and drone capabilities are endless. They haven’t struck any of the underground bases. They’ve failed to do anything about Iran’s production capabilities. So Trump is in a very difficult place.

Israeli Regime’s Role and Operational Control

SEYED M. MARANDI: On the other hand, the Israeli regime wants escalation. And from what I’m hearing in Tehran, the operational control has shifted from the United States to the Israeli regime. And so it is their war, and they are the ones who chose the targets. And the United States agreed to cooperate with it to strike these targets. So it may not make a huge difference, but it is significant.

And I think the Israeli regime probably, and the United States maybe, want to escalate to see how far Iran will go. That’s one possibility. I think they’ll soon find out that Iran is willing to go to the very end and it will fight to the finish. So this experiment is a foolish one.

Some believe that the Israeli regime wants the total destruction of oil and gas assets in the Persian Gulf region. And it’s possible that Trump will go along with it. In any case, Iran is going to go up the escalation ladder if that is what the US-Israeli coalition does. So I think ultimately the big issue is that the United States is stuck with the Strait of Hormuz, and Iran really holds all the cards.

Assassinations and the Martyrdom of Dr. Larijani

SEYED M. MARANDI: Now, the Israelis are assassinating people. They may continue to do so or have successes, but it’s not going to change anything. The Iranians have a very sophisticated constitution. They have a very sophisticated state structure. They have many experts and people who are well acquainted with matters of state. So if one person is martyred, someone else will replace him.

It’s a loss, without a doubt. Dr. Larijani — I’ve never worked in government, but I encouraged him to go to China. And ultimately, when he went, he asked me to go with him. And when he came back, he asked me to take care of the China dossier for him. So for a couple of years, until he left Parliament — he was the speaker of Parliament — I was in charge of the dossier on his behalf as a volunteer. I didn’t receive any salary for this. But he was an excellent man, very smart, very dedicated, a very moral person. And it’s a major loss. I was very fond of him. He was a very polite, highly educated man. But everyone can be replaced with someone else.

And martyrdom itself boosts the morale of society. It awakens the society further, as we saw today on the streets during his funeral and the funeral of the victims of the US attack on Iran’s naval ship that was unarmed and was participating in a naval ceremony in India.

So I don’t see any success of major substance.