Trump readies new Iran strikes as Strait of Hormuz attacks ramp up

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. HighlightsTrump readies new Iran strikes as Strait of Hormuz attacks ramp upHow the US’s deadly oil shuttle defies Iranian strikesCONTRIBUTORS:Venetia Rainey, co-host and executive producer @venetiaraineyRichard Meade, editor-in-chief Lloyd’s List @LloydslistedWATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dkCONTENT 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 Hormuzhttps://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 closurehttps://www.telegraph.co.uk/world-news/2026/10/08/israel-british-consulate-jerusalem-miliband-sanctions/Richard Meade: Markets adapt, but disruption still payshttps://www.lloydslist.com/LL1158639/The-Daily-View-Markets-adapt-but-disruption-still-paysShips’ captains paid $100,000 a month to transit Strait of Hormuzhttps://www.ft.com/content/0d665e5b-d8c8-4f1e-acf5-bba7193b4e6eU.S. Aircraft Combat Losses in Operation Epic Fury: Considerations for Congresshttps://www.congress.gov/crs-product/IN12692Winner Best News and Analysis Podcast - Publisher Podcast Awards 2026Bronze Best News, Politics and Current Affairs - British Podcast Awards 2026Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026Nominated Podcast of the Year - London Press Club Awards 2026The Telegraph, Winner Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026Producers: Peter Shevlin and Max Bower Researcher and Social Producer: Anna HindmarshStudio Operator: Andy WatsonExecutive 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 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.