Recorded on May 20 2026 at NRS Studios
Bob Moriarty of 321 Gold joins Andy Millette on Natural Resource Stocks for a wide ranging conversation on the Iran conflict, the Strait of Hormuz, oil disruption, global markets, gold, silver, and resource stocks. Bob argues that the world is facing a serious energy and geopolitical shock, with pressure building across the Middle East, the United States, Europe, and Asia. He discusses Iran, Israel, China, Russia, the GCC countries, oil supply, commodity inflation, and the possibility of major political fallout if fuel and food availability become the central problem. Andy also presses Bob on precious metals, mining shares, sentiment, and why gold and silver may act as insurance during financial chaos. The discussion closes with Bob’s view that resource stocks may become one of the biggest opportunities if capital rotates into hard assets and producers. #Millettian
Key topics
Strait of Hormuz disruption and oil supply pressure
Iran, Israel, the United States, China, and Russia
Middle East airspace, GCC countries, and energy infrastructure
Oil, diesel, gasoline, fertilizer, food, and inflation pressure
Potential political fallout from fuel and food shortages
Gold and silver as protection during financial chaos
Mining stocks, resource ETFs, and capital rotation
Bob Moriarty’s view on resource stock opportunity
Guest links
Bob Moriarty and 321 Gold
http://www.321gold.com/
Host Andy Millette Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube World https://www.youtube.com/@NaturalResoureStocksWorld
YouTube Clips https://www.youtube.com/@NaturalResoureStocksWorld
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette/
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 Cold open on Hormuz and the new world order
01:02 Andy opens with Bob Moriarty
01:59 If you are not confused you are not paying attention
02:14 Three major points of view on Iran
05:01 Bob says Iran has won the war so far
07:23 Why Iran is difficult to invade
09:22 Exit strategy and Iran’s restraint
10:18 Petrodollar bargain and Middle East security
12:24 Strait of Hormuz tolls and sanctions
14:06 China, Russia, and Trump’s poker hand
19:40 Strait of Hormuz effectively closed
22:18 Why oil prices may be too low
24:06 Europe, Asia, and global economic pressure
27:48 Regime change pressure and food shortages
30:27 When people cannot feed their families
33:17 Summer driving season and oil availability
35:11 Potential benefit of a US exit from the Middle East
37:16 Gold and silver as insurance against chaos
39:45 Mining shares and resource stock opportunity
42:25 Final warning on Hormuz and the world order
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