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Global economy could collapse if US-Iran ceasefire fails, former Navy Chief says

Author
Newstalk ZB,
Publish Date
Thu, 9 Apr 2026, 10:16am
(Photo / Arash Khamooshi/The New York Times)
(Photo / Arash Khamooshi/The New York Times)

Global economy could collapse if US-Iran ceasefire fails, former Navy Chief says

Author
Newstalk ZB,
Publish Date
Thu, 9 Apr 2026, 10:16am

The ceasefire with Iran has to hold, according to an intelligence foreign policy analyst, otherwise the entire global economy will collapse. 

The reduction in energy resources from the war was like “doing one of those Vulcan pressure holds on your carotid artery”, former US Navy senior chief Malcolm Nance told Ryan Bridge. 

“You can't hold it forever, you're then going to start killing the system… [US President Donald Trump] had to take this deal.” 

The US-allied Gulf states had lost trillions of dollars in market capital from the attacks, Nance said. 

“[Trump’s] going to have to deal with what's been played now, because there's no restarting this war. It will collapse the global economy if they do it again.” 

Nance —who has extensive experience fighting in the Persian Gulf— said the war should never have started in the first place as Iran’s chokehold over the Strait of Hormuz has been very clear since the 1980s. 

“This was done almost haphazardly. They didn't consult anybody and they didn't listen to the advice of military planners. 

“We are awesome —America— at blowing things up. We're apparently really awful at meeting our stated objectives.” 

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