Trump blockades a blockade.

The world holds its breath: will the Iranians blockade the blockade of the blockade?

Are we destined for battleship Tetris piling up in the Gulf?

Or is this just one more instance of the real war being the PR one?

Then, with his Fidesz party reduced to a rump, what happens when the lynchpin of anti-Brussels energy falls out?

The EU threw everything at Orbán, and it has paid off handsomely.

Ursula von der Leyen clearly had her speech about moving to qualified majority voting written before the polls closed.

Beyond a cost of living election in a landlocked medium-sized country, this is a story about the future of the EU. Apres Viktor, le deluge…

IMPORTANT A Note on Substack

You might already know that we have a Substack, and we’re growing it. (multipolaritypod.substack.com)

We’ve run into a small issue, in that lately, a few people have been signing up on Substack, with the intent of getting the premium episodes of the podcast - which have so far been exclusive to Patreon.

So we’ve decided to take the premium podcast to Substack, and bundle it with a new range of articles we’re in the process of producing.

The deal is this -

The Substack will be $12 a month - that will get you the podcast and then various paywalled articles on top.

We’re not paywalling the Substack yet - all the pieces you can presently read are free of charge - but we have plans to start gating the odd piece. And as we said, we will gate the premium podcast on Substack.

Of course, if you’re an existing subscriber, you can do whatever you like - Patreon, or Substack. The one gives you the pod only. The other will give you both. Obviously, your price won’t change unless you change platforms. So there’s no need to do anything.

Annihilation - no more.

On Tuesday, the world was saved at five minutes to midnight.

For the next two weeks, at least…

But while the power plants are safe for now, the tragi-comic spectacle conflict in Iran has poked bigger holes in the global defence-industrial system.

No one knows this better than Malcom Kyeyune, the Mad Mullah of Malmö, who is back on the pod to take a victory lap, after predicting much of what was to come in the first week of the war.

This comes fresh on the back of his new essay in UnHerd - https://unherd.com/2026/04/the-twilight-of-americas-sky-knights/ - where he compares the US dilemma with the strategy of the Hussites in the earliest Reformation wars.

1973.

Beyond the war, we’re hacking into the coming implications of the major energy crisis that’s brewing - as the last tankers to leave the Gulf trundle into the ports of Europe.

From Volkswagen to venture capital, we’ll be charting what life looks like with oil at 150 or 200 dollars a barrel.

Energy lockdowns. Rationing. Bond crises.

All of these are being whispered in the press right now. As much as our leaders dare.

But this is still the Ardennes Forest in spring 1940. Eerily quiet.

Soon enough, the flamethrowers will burn through the Old Continent, and then begin to ricochet back onto America itself.

Will this break up the order we once took for granted?

Are we at the end of the US consumption model of economics?

Will resource rich Canada end up speared by its bigger brother?

We’ll be taking a grand view from the sidelines, as we start to figure out how to live through the latest version of the polycrisis - after 2008, after Covid, after Ukraine - this is the next major re-shaping of the world we live in.

Of course, this is a premium Multipolarity episode - so you’ll have to be on the Patreon list if you want to listen to the full episode. That’s easily done - simply go to Patreon and sign up. It’s 8 dollars, and you can cancel any time you like….

 Multipolarity Dialogues is a series of interviews that scan the geopolitical horizon. We talk to some of the sharpest analysts, think as an experts about how they see the world beyond the visible edge of the geopolitical.

Now, is Iran actually winning this war, or is the US slowly pounding it to bits with its air power? Will there be a land invasion? Could a land invasion even succeed? How are the oil markets gonna react? What are the likely economic consequences of this war? How will it affect the US midterms? All these are questions that are being discussed to death on the super giant gossip chambers that are the mainstream and social media.

But what is less discussed is the big picture geopolitical change that is occurring before our eyes. We at Multipolarity already suggested that this war means that Taiwan is a lost cause to the United States. Is that true though? And what would it mean for the overall US strategic posture? Most importantly, what is going to happen in the Middle East, which itself is a theatre of great importance.

Nobody in the public sphere has shown a better understanding of the academic literature on these matters than Anusar Farooqui, better known as Policy Tensor (@policytensor).

He is a prolific tweeter and essayist on geopolitics and geoeconomics and grand strategy, and for that reason his X account has just exploded with followers in the last three weeks. We had to welcome him back on to the show...

The dog that didn’t bark.

China is cooling its heels on the war in Iran. As America’s entanglement deepens, it’s not Sun Tzu they’re turning to, but the wit and wisdom of Napoleon Bonaparte: “Never interrupt your enemy when he is making a mistake.”

Meanwhile, even closer to Beijing, US weakness is showing up the true nature of the slow war in the South China Sea. If America can’t open the Strait of Hormuz, how can it maintain the Taiwan Strait?

Finally, is Bibi booboo? A new wave of rumours has him six feet under, backed by… videos of him looking basically fine. Welcome to the AI hall of mirrors. Where reality buckles under the weight of the slopoverse. The Propaganda War is now 4D, hologrammatic, and features the Kirkbot 3000.

As Iran smoulders, ships burn in Hormuz, and TACO traders search for signal in the thunderous noise, we’re celebrating the end of the world in the only way we know how - two audio essays.

Philip Pilkington on the economic consequences of the war. And Andrew Collingwood on the political mess we’re in.

The Netherlands has its youngest ever Prime Minister. Liberal technocrat Rob Jetten is also openly gay - a big win for diversity. But can the VVD survive in coalition without meaningful agricultural reforms?

Meanwhile, in Kazakhstan, wheat futures are up almost nine percent since September. We’ll be asking whether transitory commodities inflation in the Stans is the big story we’ve all been missing.

Finally, the little known African country of Bapetikotsweti has signed a memorandum of understanding with Peru. It includes bilateral tariff reductions on soy beans and electric toothbrushes. What does this mean for the flatulence control and dentistry industries in these terriers of the global economy?

Only joking… just one story this week…

IRAN

That's right. We're at war. And The Lads are joined at the podcast frontline by the one and only Malcom Kyeyune. Strap in...

The US State Department advised its citizens in Northern Mexico to ‘shelter in place’, as the cartels took their reprisals, following a major Mexican security forces operation against gang kingpin El Mencho - and then another called El Tuli.

It’s all LOL, until you realise that this is just the start. By targeting the cartels, the US has poked a hornet’s nest; And the hornets are on cocaine.

Meanwhile - have you paid a US steel tariff in recent months? Was it over 30%? If so, you could be due a refund. Just dial 1-800-WHITE HOUSE to see if you may be eligible.

The Supreme Court acknowledged that sorting out the tariffs strike-down would be ‘a complete mess’.

But after the mess, the reckoning: deep down, this is a story about the US balance of payments.

Finally, Christine Lagarde is stepping down from the ECB. Emmanuel Macron' s Napoleonic pincer movement is that this frees the way for a Lagarde Presidential Run – and stops a National Rally government from appointing its own bank governor in 2028. But with these kinds of cynical machinations now effectively running the European elite, the entire Centrist establishment may be embarking on its Russia Campaign.

All of this. Coming up. For premium subscribers. That’s right - it’s premium week.

If you’re not a premium subscriber, you can sign up on our new Metternich Tier on Patreon, for eight dollars, pounds or Euros a month.

patreon.com/multipolarity

For clarity, we should point out that founder subscribers still on the old Palmerston tier will stay at $5 a month.

For anyone else, try it once, you won’t regret it. And you can cancel any time.

And if you like visual Multipolarity, you can always check us out on Substack, where we’re expanding our output with a weekly Multipolarity Briefing every Tuesday.

multipolaritypod.substack.com

At the Munich Security Conference, Marco Rubio offered Europe a peace in our time.

The Americans sprayed on the charm. But looking between the fine words, it seems like Marco was on his way out the door.

Do Europe’s friends need to tell her this is a break up speech?

Meanwhile, rumours of the destruction of Iran remain premature.

We’ve run the numbers, and it turns out it would take ten per cent of all the Tomahawks in the world to flatten three mullahs and an oil derrick.

But with American strike fleets still camped in the Persian Gulf, how does this end?

Finally, Hungary was all anyone was talking about backstage at Munich.

The Brussels establishment have decided that defeating Orban in his upcoming fourth successive election will bring a massive W in a world drowning in Ls.

The polls haven’t just tightened - they’ve actually split.

With two sides both predicting victory for their candidate, across a spread of 15 points, what happens when one side wakes up in April to find themselves robbed?

Firas Modad is back for his second turn on the pod.

After talking about Neo-Ottomanism last time, he is turning his attention to Iran, and its faltering regime.

With rumours of an imminent attack continuing to swirl, what future is there for a post-Khamenei world?

What part could be played by the exiled Shah? Is there perhaps a different faction that could take the reins if the mullahs fell?

Even then: do Iran’s neighbours even want the regime to fall - given that it could unleash an oil rich industrialised state of 80 million into the region’s balance of power?

Then, talk turns to Somaliland. Recently recognised by Israel, this northern splinter state of Somalia is relatively stable, and hangs on a hinge of the Gulf of Aden, making it a juicy prize for lovers of international shipping lanes. The Emiratis are for it – but Turkey says no.

Who will win in this coming tussle between the Gulf monarchies and the neo-sultan Erdogan?