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US blockade squeezes Iran & Tehran names price to reopen Hormuz

US blockade squeezes Iran & Tehran names price to reopen Hormuz

Author: The Telegraph August 10, 2026 Duration: 30:09
Iran: The Latest
NewsCommentary

Iran has issued a series of demands to the US in return for reopening the Strait of Hormuz - everything from war reparations to withdrawing regional military assets. Many of them echo the previous peace deal, so will Donald Trump accept?


On today's episode of Iran: the Latest, Venetia Rainey and Sophia Yan look at who is in a stronger position. Trump’s naval blockade has forced Tehran’s primary oil terminal on Kharg Island to grind to a halt and is pushing food inflation above 200 per cent in some cases. But Iran has just appointed a hardline new security council leader who has vowed to retain full control of Hormuz. 


Plus, why Tehran has released an old video of Supreme Leader Mojtaba Khamenei, Houthi attacks on a Saudi oil refinery puts the new Saudi Arabia-Turkey-Pakistan Mecca defence pact to an early test, and Israel’s Benjamin Netanyahu explicitly rejects Donald Trump’s 15-point Gaza peace deal.


Highlights


  • US blockade squeezes Iran as main oil terminal goes dark
  • Tehran names price to reopen the Strait of Hormuz


CONTRIBUTORS:

Venetia Rainey, co-host and executive producer @venetiarainey

Sophia Yan, co-host and senior foreign correspondent @sophia_yan


WATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dk


CONTENT REFERENCED:

Iran names price to reopen Strait of Hormuz

https://www.telegraph.co.uk/world-news/2026/08/09/iran-names-price-to-reopen-strait-of-hormuz/ 


As one oil chokepoint calms, Houthis threaten another

https://www.telegraph.co.uk/world-news/2026/08/08/war-yemen-threatens-drag-middle-east-deeper-crisis/


Israel rejects Trump’s Gaza plan

https://www.telegraph.co.uk/world-news/2026/08/09/benjamin-netanyahu-israel-donald-trump-gaza-plan-hamas/


Winner Best News and Analysis Podcast - Publisher Podcast Awards 2026

Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026

Nominated Best News, Politics and Current Affairs - British Podcast Awards 2026

The Telegraph, Winner Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026


Producer: Max Bower

Video Producer: Peter Shevlin

Researcher and Social Producer: Anna Hindmarsh

Studio Operator: Andy Watson

Executive Producer: Venetia Rainey 


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For those trying to understand the complex and rapidly shifting landscape of the Middle East, Iran: The Latest offers essential context. This Telegraph podcast moves beyond the headlines to examine the military, diplomatic, and strategic forces shaping the ongoing tensions between Iran, the United States, and Israel. Hosted by veteran foreign correspondents Roland Oliphant and Venetia Rainey, each episode synthesizes frontline reporting from the paper's award-winning journalists with insightful conversations. You'll hear from specialists in areas like regional security architecture, covert operations, and geopolitical theory, providing a clearer picture of the stakes involved. The analysis considers historical grievances, economic pressures, and potential flashpoints, from proxy conflicts to direct confrontations. It’s a resource for anyone who wants to grasp not just what is happening, but why it matters and what might come next. By drawing on deep sourcing and expert commentary, this podcast delivers a nuanced perspective that is both timely and thoroughly researched, making sense of a critical and often misunderstood arena of global affairs.
Author: Language: English Episodes: 50

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