Recorded on April 13 2026
Steve Yang sits down with Larry C Johnson of Sonar21 for a hard-edged discussion on the Strait of Hormuz, US and Iran escalation, China’s leverage, media narratives, and why global alliances may be shifting faster than many investors realize. Larry argues that a shipping blockade near Iran is far more difficult than it appears, that enforcement risks drawing in other nations, and that the economic fallout could hit far beyond the Middle East. The conversation also digs into ceasefire logic, Israel and US power dynamics, NATO strain, Canada’s procurement shift, and the broader credibility problem facing Western media coverage. If you follow oil, geopolitics, macro risk, or the strategic forces that can move markets, this is a wide-ranging interview worth hearing in full. #Millettian
Key topics
Strait of Hormuz and the limits of naval enforcement
US and Iran escalation risk
China’s role in energy shipping and supply pressure
Ceasefire or pause and what may come next
Israel, Washington, and competing power narratives
Media trust and propaganda concerns
Iran and nuclear weapons claims
Canada, NATO, and defense procurement shifts
Global alliances, sanctions, and long-term geopolitical fallout
Guest links
https://sonar21.com/
Host Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/TheSteveYang
LinkedIn https://www.linkedin.com/in/thesteveyang/
NRS LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
NRS Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
NRS TikTok https://www.tiktok.com/@natural.resource.stocks
NRS Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Introduction to Larry C Johnson
00:21 Strait of Hormuz and the blockade question
00:43 Why Larry says the US cannot enforce it cleanly
02:41 Shipping flags, China, and global fallout
04:57 Is Washington isolating itself
09:14 Ceasefire or strategic pause
11:55 Who is calling the shots
15:55 Media trust and war narratives
18:54 Iran and nuclear weapons claims
27:04 Canada, NATO, and defense procurement
30:12 US alliances and Israel influence
34:38 How Larry thinks this ends
37:05 Where to follow Larry and Sonar21
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