US blockade squeezes Iran & Tehran names price to reopen Hormuz

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.HighlightsUS blockade squeezes Iran as main oil terminal goes darkTehran names price to reopen the Strait of HormuzCONTRIBUTORS:Venetia Rainey, co-host and executive producer @venetiaraineySophia Yan, co-host and senior foreign correspondent @sophia_yanWATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dkCONTENT REFERENCED:Iran names price to reopen Strait of Hormuzhttps://www.telegraph.co.uk/world-news/2026/08/09/iran-names-price-to-reopen-strait-of-hormuz/ As one oil chokepoint calms, Houthis threaten anotherhttps://www.telegraph.co.uk/world-news/2026/08/08/war-yemen-threatens-drag-middle-east-deeper-crisis/Israel rejects Trump’s Gaza planhttps://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 2026Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026Nominated Best News, Politics and Current Affairs - British Podcast Awards 2026The Telegraph, Winner Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026Producer: Max BowerVideo Producer: Peter ShevlinResearcher 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 [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.