Show Notes
Donald Trump is reportedly readying to restart major combat operations against Iran and alongside former war-partner Israel - before the US midterm elections.
On today’s episode of Iran: the Latest, Venetia Rainey speaks to Richard Meade, editor-in-chief of Lloyd’s List, about how such an escalation would impact the dangerous and costly shuttle service that has emerged in the Strait of Hormuz to stabilise oil prices. They discuss how growing Iranian attacks on tankers in the key waterway has led to a “violent equilibrium” that is having a global knock-on impact. Is it sustainable?
Plus, new figures show more US military aircraft have been damaged or destroyed since the conflict began than previously reported, Yemen’s Houthis down a drone from Saudi Arabia, and UK-Israel crisis talks save Britain's diplomatic presence in Jerusalem.
Highlights Trump readies new Iran strikes as Strait of Hormuz attacks ramp up How the US’s deadly oil shuttle defies Iranian strikes
CONTRIBUTORS: Venetia Rainey, co-host and executive producer @venetiarainey Richard Meade, editor-in-chief Lloyd’s List @Lloydslisted
WATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dk CONTENT REFERENCED: Trump ‘preparing for Iran strikes before midterms’ https://www.telegraph.co.uk/us/news/2026/10/07/trump-preparing-for-iran-strikes-before-midterms/ Tom Sharpe: It’s advantage Trump in the Strait of Hormuz https://www.telegraph.co.uk/news/2026/10/06/strait-hormuz-oil-crude-iran-war-strikes-red-sea-trump/ Britain and Israel back down over Jerusalem consulate closure https://www.telegraph.co.uk/world-news/2026/10/08/israel-british-consulate-jerusalem-miliband-sanctions/ Richard Meade: Markets adapt, but disruption still pays https://www.lloydslist.com/LL1158639/The-Daily-View-Markets-adapt-but-disruption-still-pays Ships’ captains paid $100,000 a month to transit Strait of Hormuz https://www.ft.com/content/0d665e5b-d8c8-4f1e-acf5-bba7193b4e6e U.S. Aircraft Combat Losses in Operation Epic Fury: Considerations for Congress https://www.congress.gov/crs-product/IN12692
Winner Best News and Analysis Podcast - Publisher Podcast Awards 2026 Bronze Best News, Politics and Current Affairs - British Podcast Awards 2026 Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026 Nominated Podcast of the Year - London Press Club Awards 2026 The Telegraph, Winner Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026
Producers: Peter Shevlin and Max Bower Researcher and Social Producer: Anna Hindmarsh Studio Operator: Andy Watson Executive Producer: Venetia Rainey ► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor ► EMAIL US: Contact the team on [email protected] ► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ Hosted on Acast. See acast.com/privacy for more information.
More from Iran: The Latest
The US is preparing for a protracted war with Iran as Donald Trump’s UN ambassador, Mike Waltz, warns the US Navy can maintain its maritime blockade on Iranian ports indefinitely.
Further details have emerged regarding US-Israeli plans for a joint military campaign against Iran after the midterm elections. Following sightings of Israeli Air Force jets flying up to the Iranian border on Monday, plans for a three-day military blitz on Iran’s nuclear facilities and energy infrastructure were revealed to the New York Times.
Israeli Prime Minister Benjamin Netanyahu instructed his military to plan a multi-day bombing campaign targeting Iranian nuclear facilities and power grids, as talks with US Defense Secretary Pete Hegseth signal preparation for joint military action against Iran.
British RAF Typhoon fighter jets will be deployed to defend cities and critical infrastructure in Saudi Arabia, following the Yemen-based militant group’s deadliest attack yet, a devastating assault that killed at least 70 people, all new recruits aged 18 to 20, at a training camp.
Houthi ballistic missile strikes kill 20 people in Yemen as Egypt considers sending military support to help Saudi Arabia counter Iranian threats in the Red Sea.