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Home » Peter McCormack Show: w/ Firas Modad – Who Actually Runs The War Machine? (Transcript)

Peter McCormack Show: w/ Firas Modad – Who Actually Runs The War Machine? (Transcript)

Editor’s Notes: In this hard-hitting episode of Peter McCormack Show, Peter sits down with Middle East expert Firas Modad to deconstruct the “war machine” and the forces driving current geopolitical conflicts. The conversation explores the deep-seated influence of powerful donor networks and corporate interests on Western foreign policy, questioning whether elected officials or an unelected “oligarchy” are truly in control. From the breakdown of Iranian negotiations to the role of entities like BlackRock and Vanguard, this interview provides a critical analysis of why the West remains entangled in endless Middle Eastern wars. (March 7, 2026)

TRANSCRIPT:

Introduction

PETER MCCORMACK: Morning, Firas.

FIRAS MODAD: Good morning. How are you?

PETER MCCORMACK: I am good. Right. You’re my expert on the Middle East. Why is America at war with Iran? And what do we not know? What are we not seeing in the press?

The Iran Nuclear Negotiations

FIRAS MODAD: We are seeing some of it, but it is fundamentally about Israel. The Iranians are a bit of a nuisance for the United States, but they’re actually a threat to Israel. And the negotiations were going relatively well, according to the Omani mediators. The Omani foreign minister, after the war began, comes out and says, “This is unnecessary. We had an agreement, or we had almost an agreement.”

The Iranians had conceded on every major point when it comes to the nuclear issue, including getting rid of their highly enriched uranium stockpile — 60%, so well below what’s needed for an actual modern nuclear weapon, which is 90% — limited enrichment at a very low level. They keep the capability to enrich, but they give up on everything else, meaning they really don’t have a pathway to a nuclear weapon, because they would be under constant surveillance by the International Atomic Energy Agency.

But it seems that the American negotiators were part of the problem. The negotiators are Steve Witkoff, who is a Jewish real estate New York tycoon, and Jared Kushner. Jared Kushner is associated with Chabad, which is a Jewish supremacist sect, essentially, and his family is also best friends with Benjamin Netanyahu, meaning that essentially the negotiations were being run by a Netanyahu family friend. They were never meant to work.

And for the Israelis, the problem wasn’t the nuclear, because that is solved through the negotiations. The problem is Iranian ballistic missiles, because the ballistic missiles, if they hit a small number of targets in Israel, they can wreck the country. A couple of desalination plants. Israel has maybe four functioning ports, one major chemicals complex, a couple of refineries, three civilian airports, etc. So a limited number of very vulnerable facilities. And if these are hit, they can collapse the state.

So the negotiations were focused on the nuclear issue. The Americans bought into the Israeli demands when they solved the nuclear issue, as the Omanis said they had done. Instead of continuing down the line, or instead of figuring out a solution to the other stuff, they went to war. And this is the second time they do this. In June 2025, the Israeli attack happened two days before — or one day before — the Americans were supposed to meet with the Iranians to negotiate, and it was going well. And now, as the negotiations were going well, the attack began.

So you’ve ended up in a position where diplomacy is used as cover to conduct attacks, in the same way that the Israelis tried to destroy the Hamas negotiating team in Qatar when the negotiations seemed to be going well. So now if you negotiate with the Americans or with the Israelis, you’re an idiot, because they’ve done this three times.

Israel’s Strategic Goals in the Region

PETER MCCORMACK: And is this because Israel considers the Iranian regime an existential threat to Israel?

FIRAS MODAD: It is an enemy of Israel, but —

PETER MCCORMACK: An existential threat if they —

FIRAS MODAD: And they consider it an existential threat if they become powerful enough. But they’d already kicked them out of Syria. And now the Israelis are saying something that I’ve said a bunch of times, which is that Turkey is going to become the next Iran for them. Because the view, according to Israel, is that all of their enemies need to be weak and in chaos, because any one of them becoming sufficiently powerful is, in fact, automatically a threat.

PETER MCCORMACK: So Israel wants to be surrounded by —

FIRAS MODAD: Failed states, essentially, or poor, dysfunctional states like Jordan and Egypt that are kept on a tight leash by the fact that they are in insane amounts of debt. So what they want, really, is no functioning strong states anywhere near them.

Except that this circle keeps expanding. So initially they made peace with Egypt, and then Egypt got into all kinds of debt traps. They made peace with Jordan, and Jordan gets into all kinds of debt traps. The US backed the Sunni jihadis to overthrow the Syrian government and cut off the supply line from Iran to Iraq through Syria into Lebanon. Now the Syrian jihadis have been moved to Iraq and they’re probably going to be used against Iran and its allies again, in the same way that they were used in Syria, in the same way that they were used in Bosnia, in the same way they were used in Chechnya, in the same way that they were used in Afghanistan.

So you have a radical Sunni threat, and then you use it against your enemies. And then domestically you say the answer to this threat is to clamp down on people and to police their speech and to police their opinions and control their bank accounts and so on and so forth. So the blowback from this is also domestic, especially at a time when you’re endlessly importing immigrants from countries that you’re wrecking.

Why Is America in Another Middle East War?

PETER MCCORMACK: I imagine the people listening to this show would be a broad group of people, but the American listeners we have — which is a good percentage — will be split between those who are the “America, f*, yeah, let’s go to war” people.