‘A full spectrum crisis’: how the Iran war went global episode artwork

EPISODE · Mar 27, 2026 · 34 MIN

‘A full spectrum crisis’: how the Iran war went global

from Iran: The Latest

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 @RolandOliphantSophia Yan, senior foreign correspondent @sophia_yanAmbrose Evans-Pritchard, world economy editor CONTENT REFERENCED:Roland Oliphant: Trump needs troops to seize the Strait of Hormuz. These are his optionsAmbrose Evans-Pritchard: China has already won the Gulf WarAmbrose Evans-Pritchard: The longer Trump’s war drags on, the worse the coming global food crisisProducer: Peter ShevlinExecutive 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 [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.

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 @RolandOliphantSophia Yan, senior foreign correspondent @sophia_yanAmbrose Evans-Pritchard, world economy editor CONTENT REFERENCED:Roland Oliphant: Trump needs troops to seize the Strait of Hormuz. These are his optionsAmbrose Evans-Pritchard: China has already won the Gulf WarAmbrose Evans-Pritchard: The longer Trump’s war drags on, the worse the coming global food crisisProducer: Peter ShevlinExecutive 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 [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.

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‘A full spectrum crisis’: how the Iran war went global

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This episode was published on March 27, 2026.

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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...

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