Lose Hormuz, Lose the Dollar, Lose Hegemony: Game Over | Jeffrey Currie

Jeffrey Currie, former Goldman Sachs head of commodities and a lifelong insider of the dollar system, defines the one red line America cannot cross: handing control of the Strait of Hormuz to Iran is not a tactical retreat; it is the formal end of the US as a global hegemon and the death of the dollar as the world’s reserve currency.

For the Epstein class, the only acceptable Iran is one

that caves in to the hegemon and its dollar scheme.

In 1945, the US made a deal the world still lives under: it would control every major shipping lane with its navy, and in return, the world would use the dollar and recycle capital through New York. Oil was the strategic commodity that made the bargain stick. After Nixon broke the gold standard in 1971, that same arrangement evolved into the petrodollar system that still funds American living standards today.
 

» Give Iran the Strait, and the dollar dies. « 

If the US walks away and allows Iran and Oman to manage the Strait under any fee structure, the rest of the world will see that the big-stick policeman has quit. Every other chokepoint on earth immediately becomes fair game. The Fifth Fleet would then need Iranian permission to enter or leave its own base in Bahrain—an image that ends the illusion of global hegemony overnight.

Currie points to Switzerland, where a 30-year fixed mortgage can sit around 50 basis points because global capital floods into a perceived safe currency. That is the kind of privilege the US still enjoys. The country currently spends about 7 percent more than it produces; remove the forced global demand for dollars, and that gap becomes direct economic pain.

 

» We're fighting wars. It's not possible for us to take care 

of Medicare, daycare, Medicaid, all these things. « 

 Orange ape guns and butter salad, July 27, 2026.

 

History offers no comforting precedent. No previous hegemon—Britain, Spain, or any other—lost control of the world’s most important sea lanes and remained the hegemon. The US can retreat to a Monroe/Donroe/Technate of America Doctrine posture and control only the Western Hemisphere, but then it is no longer a global power and the dollar is no longer the reserve currency. 

 

Reference:

Jeffrey Currie (July 28, 2026) - Iran Rejects $6 Billion in Return for Free Hormuz Passage. (video)