Iran’s blockade of the Strait of Hormuz has already pushed up oil prices. But is a bigger global economic disruption yet to come? And how long will it last?

The Telegraph’s World Economy Editor Ambrose Evans-Pritchard joins Roland Oliphant to explain why the Iran conflict is sending shock waves around the world - and not just in the oil market.

From fertiliser to helium to sulphur, the block on shipping through the Strait carries other key commodities used by the tech industry, hospitals and farmers. Ambrose explains how the war will almost certainly cause a global food shock in 2027.

They also discuss how Russia and China are benefitting from the Iran war and why the Houthis in Yemen remain the dog that hasn’t barked - but could make things even worse than they are now.

Plus, Roland Oliphant and senior foreign correspondent Sohia Yan analyse the latest news from the Iran war, including Donald Trump’s ongoing attempts at peace talks with Tehran, the US Navy’s first ever use of unmanned surface boats and why AP is now calling Israel’s attack on Lebanon an invasion.

CONTRIBUTORS:

Roland Oliphant, co-host and chief foreign affairs analyst @RolandOliphant

Sophia Yan, senior foreign correspondent @sophia_yan

Ambrose Evans-Pritchard, world economy editor

CONTENT REFERENCED:

Roland Oliphant: Trump needs troops to seize the Strait of Hormuz. These are his options

Ambrose Evans-Pritchard: China has already won the Gulf War

Ambrose Evans-Pritchard: The longer Trump’s war drags on, the worse the coming global food crisis

Producer: Peter Shevlin

Executive Producer: Louisa Wells

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► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/

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Will Israel’s assassination of the IRGC’s naval chief lead to the reopening of the Strait of Hormuz?

Hosts Roland Oliphant and Venetia Rainey analyse the latest news from the Iran war, from the killing of navy commander Alireza Tangsiri to Donald Trump’s claim that Tehran is “begging” for a deal.

With thousands of US troops en route to the Middle East, the stakes are high. Among them are the 82nd Airborne Division; acting Defence Editor Tom Cotterill explains what sort of missions this elite group of paratroopers might be able to execute.

Plus, former UK ambassador to Iran Sir Richard Dalton gives his insights into why striking a deal with the regime will be so difficult and how he thinks the war is based on a lie around Tehran’s nuclear capabilities.

CONTRIBUTORS:

Venetia Rainey, co-host @venetiarainey

Roland Oliphant, co-host and chief foreign affairs analyst @RolandOliphant

Tom Cotterill, acting Defence Editor @TomCotterillX

Sir Richard Dalton, UK’s former ambassador to Iran

CONTENT REFERENCED:

What 2,000 US paratroopers could do in Iran

https://www.telegraph.co.uk/world-news/2026/03/25/what-2000-us-paratroopers-could-do-iran-war-america-trump/

Trump denies it – but two wars are becoming one

https://www.telegraph.co.uk/world-news/2026/03/26/converging-wars-leave-europe-panicked-and-putin-emboldened/

Producer: Peter Shevlin

Executive Producer: Louisa Wells

► 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 battlelines@telegraph.co.uk

► GET THE LATEST HEADLINES:

Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/

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Donald Trump has set out a 15-point Iran peace plan, but is he serious about ending the war?

With news that another 2,000 elite American troops are en route to the Middle East, Tehran has its doubts - particularly as they’ve been here twice before with Trump.

The Telegraph’s senior foreign correspondent Sophia Yan joins Venetia Rainey to talk through how realistic the proposal is and how it’s being viewed in Iran. They also discuss Turkey’s role as a potential mediator and the impact of the conflict on China.

From the Telegraph’s US bureau, editor Lottie Tiplady-Bishop explains why Vice President JD Vance is now involved in peace negotiations and how boots on the ground is a red line for Trump’s MAGA base.

Plus, how is the Iran war being viewed by ordinary Americans? Reporter Natasha Leake takes the temperature on the streets of Washington DC.

CONTRIBUTORS:

Venetia Rainey, co-host @venetiarainey

Sophia Yan, senior foreign correspondent @sophia_yan

Lottie Tiplady-Bishop, associate US news editor @lottietipbishop

Natasha Leake, US reporter @NatashaLeake

CONTENT REFERENCED:

Trump hands Iran 15-point plan to end war

https://www.telegraph.co.uk/world-news/2026/03/25/donald-trump-iran-war-15-point-plan-nuclear-missile/

‘Where the hell is JD Vance?’: Why Trump’s VP is missing in action

https://www.telegraph.co.uk/us/politics/2026/03/10/jd-vance-trump-iran-war-missing/

JD Vance met with Trump security official who quit over Iran war

https://www.telegraph.co.uk/us/politics/2026/03/18/jd-vance-met-joe-kent-quit-iran/

Donald Trump said he would be the president of peace

https://www.telegraph.co.uk/world-news/2026/03/20/trump-promised-peace-then-he-started-war/

Producer: Peter Shevlin

Executive Producer: Louisa Wells

► 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 battlelines@telegraph.co.uk

► 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.