The true cost of America’s hidden missile crisis & why US-Iran talks are deadlocked episode artwork

EPISODE · Apr 27, 2026 · 41 MIN

The true cost of America’s hidden missile crisis & why US-Iran talks are deadlocked

from Iran: The Latest

The US has severely depleted key munitions in the Iran war - and it’s already having global consequences. From delayed deliveries to allies such as Japan, South Korea and Ukraine, to a knockon impact on any future wars - such as a potential conflict with China over Taiwan - new analysis of America’s strategic stockpiles do not make for comfortable reading. Venetia Rainey talks to Mark Cancian and Chris Park from the Center for Strategic and International Studies (CSIS) about what’s running low, why and what impact it will have. Plus, will Donald Trump strike a deal with Iran to open the Strait of Hormuz instead of prioritising a nuclear agreement? That’s what Tehran is reportedly proposing today, but as veteran US diplomat David Satterfield explains, that comes with its own problems. With Iran playing the long-game in an asymmetric war, the former ambassador says Trump does not have many good options available. CONTRIBUTORS:Venetia Rainey, co-host @venetiaraineyDavid Satterfield, former US diplomat and director of Baker Institute for Public PolicyMark Cancian, senior fellow CSIS @MarkCancianChris Park, research associate CSIS @chrhsparkCONTENT REFERENCED:Last Rounds? Status of Key Munitions at the Iran War Ceasefirehttps://www.csis.org/analysis/last-rounds-status-key-munitions-iran-war-ceasefireProducer: Elliot LampittExecutive Producers: Venetia Rainey & 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.

The US has severely depleted key munitions in the Iran war - and it’s already having global consequences. From delayed deliveries to allies such as Japan, South Korea and Ukraine, to a knockon impact on any future wars - such as a potential conflict with China over Taiwan - new analysis of America’s strategic stockpiles do not make for comfortable reading. Venetia Rainey talks to Mark Cancian and Chris Park from the Center for Strategic and International Studies (CSIS) about what’s running low, why and what impact it will have. Plus, will Donald Trump strike a deal with Iran to open the Strait of Hormuz instead of prioritising a nuclear agreement? That’s what Tehran is reportedly proposing today, but as veteran US diplomat David Satterfield explains, that comes with its own problems. With Iran playing the long-game in an asymmetric war, the former ambassador says Trump does not have many good options available. CONTRIBUTORS:Venetia Rainey, co-host @venetiaraineyDavid Satterfield, former US diplomat and director of Baker Institute for Public PolicyMark Cancian, senior fellow CSIS @MarkCancianChris Park, research associate CSIS @chrhsparkCONTENT REFERENCED:Last Rounds? Status of Key Munitions at the Iran War Ceasefirehttps://www.csis.org/analysis/last-rounds-status-key-munitions-iran-war-ceasefireProducer: Elliot LampittExecutive Producers: Venetia Rainey & 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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The true cost of America’s hidden missile crisis & why US-Iran talks are deadlocked

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This episode was published on April 27, 2026.

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The US has severely depleted key munitions in the Iran war - and it’s already having global consequences. From delayed deliveries to allies such as Japan, South Korea and Ukraine, to a knockon impact on any future wars - such as a potential conflict...

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