Col. Douglas Macgregor tells Kitco News anchor Jeremy Szafron that Saudi Arabia is “gonna go out of business,” that a new commodity supercycle has begun, and that another U.S. strike on Iran would bring “years of scarcity” for oil and water across the Gulf.
Macgregor, a retired U.S. Army colonel who fought in the Gulf War and advised the acting Secretary of Defense, breaks down the Houthi strikes on Riyadh and why he says Turkey and Pakistan won’t fight Saudi Arabia’s war, why the Navy can’t secure the Strait of Hormuz, why refining is the real bottleneck for copper, rare earths and critical minerals, why he sees China as the real winner in the Gulf, and the diesel crunch behind Washington’s Russian diesel deal. In a rapid-fire round, he forecasts $150 to $200 oil next year and $10,000 gold by 2029.
This interview was recorded on October 13, 2026.
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00:00 Seven Months Into the Iran War, and Oil Is the Weapon
01:17 The Strike on Riyadh and the House of Saud’s Survival
03:07 Why the Old World Order Has Broken Down
04:00 A New Commodity Supercycle Has Begun
04:55 Why the Navy Can’t Secure the Strait of Hormuz
06:43 How the Houthis Grew to as Many as 350,000 Fighters
09:09 Mining, Defense and the Push Away From China
09:50 Why AI Data Centers Need So Much Copper
10:40 The Refining Problem Nobody Talks About
11:40 The Debt Math He Says “Can’t Be Done”
12:11 Where Oil Goes If America Joins the Houthi Fight
13:12 Why He Says China Wins the Gulf
16:20 The Food and Fertilizer Crisis Coming Next
17:00 Diesel Tops $6, and Washington Turns to Russia
17:40 Who’s Winning the Sanctions War
19:50 Why Gold Has Soared Since 1971
20:46 Can Washington Get Out of the Gulf?
23:08 Rare Earths and Refining Are China’s Real Leverage
25:13 A Third Carrier, the Midterms and the Iran Endgame
25:50 Strike Iran Again and the Gulf’s Oil and Water Get Hit
29:54 Why the Navy Is Stretched to the Breaking Point
32:05 Is a Third Carrier a Show of Strength?
33:00 Rapid Fire: Oil to $200, Gold to $10,000, Saudi Arabia’s Future
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49 Comments
Is this war already costing you more at the pump? Yes or no.
Col. Douglas Macgregor told me the effects are "delayed" and that oil could hit $150 to $200 next year. Watch his March interview with me here: https://youtu.be/HMxG3f1eoBY
Israel will survive – read your bible.
“Everything is mortgaged to our vanity,” one hundred percent correct. 🎯
Gentlemen, how can anyone not see that Trump is a SABOTEUR?
Israel of course
M p up and running
Many will be deceived 😮😂
Look at Europe…….that is US soon
Check out selectro patented process mount Ridley mine, no waste no red mud this is world changing process
Have to get into food commodities everyone has to eat
Should have been a general
Trying to bail out the boat that has too big of a hole.
yeah according to mcgregor the world ended like ten years ago
He’s wrong about China. Very wrong.
Rightwing leaders in the US will take losses out on US citizens 😢as people react to desperate times.
22.55 "we are at the end of the depression"?
I doubt it has even started.
I think this general is a laughing stock. He says we are a laughing stock . Sounds like a democrat communist. I think this is propaganda.
Well here’s a negative Nelly if I’ve ever seen one.
Doug is the best ! I knew when iran got attacked it was the beginning of the end for america, people were homeless and couldn't afford much before but now its deadly !
Democrats are destroying America.
If Iran had NUC's gas would be 40 dollors a gallon. Trump is saving the world!
Washington refuses to accept the unipolar moment has vanished. The world understands the magic isn't coming back.
Please tell me one thing Col. Macgregor has got right. He’s on all these sites but they cast him off as his analysts are always wrong. He’s gone through the whole Iran conflict and is battling a big ZERO. I will not watch his commentary anymore.
If America can't even produce Ammunition for TRILLION dollars per year….Where is the money going? They might as well spend that on the Debt instead and be debt free in 50 years…
Neither Party has any internion other than printing Trillions and letting Social Security become worthless. From Inflation. They'll never stop paying. But it won't even buy your groceries. Both Parties are ONE. Sn Oligarchy of Elites PLAYING us all. You "Republican vs Democrat " people are their BEST friends. It keeps the peasants fighting each other – instead of looking at the cause (the Nobility/Elites) and STORMING THE BASTILE…
The Col is a wind bag.
Germany had too many great powers against them- the British, Soviet, and American empires-all backed by jewish Rothschild money.
Why everything is going to be wonderful after the elections and not before?
Why is it that Elected Leaders DO NOT assign the MOST Qualified Personnel into the Government Positions and NOT family or friends???
Lovely Army colonel thinks if US withdrawal from war then it would finished the war !!! Wishful thinking
how can you possibly call a country of 6 million people a 'weak power' and compare its industry (now completely destroyed by the us, germany and other western vultures) – with US imperialist/colonial regime ???
Yes,but noone will be killing american children, families,bombing houses,schools,churches.
The Houthis attack on Saudi has nothing to do with Trump's midterm elections and everything to do with getting rid of US influence in the middle east. Trump illegally attacked Iran. The buck stops there
I’m in support of anything and everything
Will be 2 years of really tough times until we get someone, anyone, new into the white house.
Listening
We love Canada.
$6 a gallon of diesel yr laughing, equivalent in UK is $10. & the roads never been busier. Seems mad here, many building greater debts, losses till they hit the brick wall of bankrupcies
Democrats have shut down many refineries
—————- USA is the world's #1 crime state.
If you live off-grid and heat with wood, you are truly blessed.
End time prophecies playing out in front of our eyes😞🙏
Doglas TDS Mc Gregory
Douglas “TDS” Mc Gregor
Everything happening at the national and global levels is NOT random. This is the Great Reset that the WEF announced back in 2020, which began with their manufactured covid. The Great Reset, UN Agenda 2030, the Fourth Industrial Revolution, Human 2.0, the Bio-digital Convergence, and Transhumanism are all the same thing. Hold on, because things are about to get real- to the point that every American and human on this planet will be either awake or dead. The controllers will not begin with their "Build Back Better" plan until everything has been destroyed, which includes our country. MacGregor Straightout said that war is coming to our homeland!
when the capitalist find a way to capitalize on building refineries and making money then that's when it will happen but right now it's all about egos
GOLD IS HISTORIC INFLATION HEDGE !!!
OPERATION CHAOS !!!
Very GOOD interview Jeremy‼Complete respect for Col. Douglas Macgregor's opinions‼‼‼‼👍👍👍👍👍👍👍👍👍