Nima Alkhorshid: Hi, everybody. Today is Thursday, April 16, 2026, and our dear friend Richard Wolff and Michael Hudson are here with us. Welcome back.
Richard Wolff: Glad to be here.
Nima Alkhorshid: Let me start, Richard, with the blockade in the Strait of Hormuz, which is the new policy of the Trump administration. The main objective of the blockade is to limit Iran's capability to export oil and other energy components.