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Home » Larry Johnson: U.S. Attack on Kharg Island Will Destroy the Gulf States (Transcript)

Larry Johnson: U.S. Attack on Kharg Island Will Destroy the Gulf States (Transcript)

Editor’s Notes: In this interview, former CIA analyst Larry Johnson joins Glenn Diesen to analyze the escalating conflict between the U.S. and Iran following the recent attack on Kharg Island. Johnson warns that targeting Iran’s energy infrastructure is a dangerous strategic misstep that could trigger a global economic catastrophe by forcing the closure of the Strait of Hormuz. The conversation also explores the internal political pressures within the U.S. government and how this conflict is accelerating a global shift toward a multipolar world. Ultimately, Johnson argues that military force will fail to achieve regime change and instead risks plunging the world into a deep depression. (Mar 15, 2026)

TRANSCRIPT:

Introduction

GLENN DIESEN: Welcome back. We are joined by Larry Johnson, a former CIA analyst, to discuss the very dramatic developments taking place in the war against Iran. So, yeah, first, let me thank you for coming back on the program. It’s good to see you again.

LARRY JOHNSON: Hey, always appreciate the invite, Glenn.

The Attack on Kharg Island

GLENN DIESEN: So I wanted to, well, at least start by focusing on this Kharg Island, because this handles 90% of Iran’s oil exports. So many commentators have been asking, if this is really what can break the back of Iran’s economy, why isn’t Trump going after this?

Well, it appeared that we have reached this point now as we continue up this escalation ladder. Trump, of course, well, the United States has now bombed Kharg Island. Trump claims to have totally obliterated, as his words, the military facilities there. He did not touch the energy facilities, I guess, for good reasons. But he is threatening now that the oil installations are next unless Iran folds, that is, by opening up the Strait of Hormuz.

How are you assessing this situation? Because, on one hand, if it’s a bluff, Iran can’t capitulate. On the other hand, if Trump goes through with this, this is like the nuclear option of the energy war. So what does all of this mean?

LARRY JOHNSON: I guess Donald Trump reminds me of a casino’s favorite client. The one that keeps coming in and spending lots of money and losing. That’s Donald Trump.

This attack on Kharg Island just makes zero sense no matter how you look at it. They did not attack the oil terminal. That’s the good news. Iran reportedly has five oil terminals, so this is actually only one of them. So although it may pump the most oil or provide the most oil to a tanker to sell out through the strait, this is not, if they destroyed this, this wouldn’t be Iran’s only source of potential revenue.

But they bombed the runway of the major airport. So you say, “Oh good, that’ll keep Iran from using it.” Except Iran really doesn’t have an air force. There’s also talk of the United States invading, trying to occupy Kharg Island. Well, one of the ways you do that is you’d fly in troops, or once the troops are parachuted in, you’ve got to resupply them somehow. So you’d need to land on the runway. Except this runway is, like I said, 5,000, almost 6,000ft. And the way they bombed means that it’s only good for 3,000ft. Well, a C-17 requires at least 3,500ft to land. So scratch the C-17, and that leaves you with a slow flying C-130.

So, I mean, just, it’s like if you’re planning a military operation on the island, you’ve now screwed yourself from the U.S. standpoint.

Iran’s Threatened Retaliation and the Strait of Hormuz

Iran has made it very clear that if you attack our actual oil terminals and resources, we will attack those of our other Gulf neighbors. And there are at least 13 different targets that they’ve already identified.

So Iran didn’t react immediately or angrily last night when this happened. It happened early Saturday morning in Iran time. It was late Friday, East Coast time. So this is just lashing out. It’s not part of a strategic picture, because you’ve got to sit back and say, what is Trump trying to accomplish?

Well, what has been accomplished as a result of this attack on Iran is shutting down the Strait of Hormuz. And in doing that, you’ve now closed off 20% of the world’s oil supply, 25% of the world’s liquid natural gas, and 35% of the world’s urea, which is needed for fertilizer. About 75% of the arable land in the world is above the equator, so that means we’re now in planting season. And the 35% drop in the fertilizer is huge. That means there are some crops that aren’t going to get planted or aren’t going to grow. And then when it comes harvest time, that means food’s not going to be harvested and there’s going to be a drop in the food supply — the global food supply — so this literally can affect billions of people.

Rising Gas Prices and Economic Impact

On the gas front, the prices now are rising very rapidly, even here in the United States. I’ve been monitoring my local gas station. A week ago on Sunday, I paid 50 cents more than I had the previous five days. So last Sunday it was $3.04. On Wednesday the price went up to $3.19. And then on Thursday it was $3.24. And then yesterday it was $3.32. So it’s essentially come up almost 80 cents in a little over a week.

I’m fortunate. I’m in a financial situation where having to pay that amount of money increase — okay, I prefer not to do it, but I can do it. But an estimated 60% of Americans live paycheck to paycheck, which means they don’t have a lot of spare cash. And so this is going to impact not only their bottom line, but then the real killer is on the diesel front, where the price has gone up over $1.50 and it’s approaching $2.

Well, every truck that holds supplies for grocery stores, supplies for the hardware stores, for Walmart, for Price Club, for any of these major vendors — their prices are going to go up.