Episode Details

A fragile ceasefire between the United States, Israel and Iran has paused one of the most dangerous conflicts of 2026, but beneath the headlines lies a deeper question: who profits from war? In this episode, we examine the economics of war, the military-industrial complex and how defence contractors, energy companies and investors benefit from instability across West Asia, with surging share prices revealing conflict as a lucrative business model. We follow the money from military expos in Australia to lobbying in Washington, explore Donald Trump’s political influence, and look at Australia’s energy security crisis, oil supply scramble and delayed transition to renewables – connecting war, markets and political power in a system that increasingly rewards chaos.

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Song listing:

• ‘La Femme d’Argent’, AIR.
• ‘Satellite Anthem Icarus’, Boards Of Canada.