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.

Highlights

Trump readies new Iran strikes as Strait of Hormuz attacks ramp upHow the US’s deadly oil shuttle defies Iranian strikes

CONTRIBUTORS:

Venetia Rainey, co-host and executive producer @venetiarainey

Richard Meade, editor-in-chief Lloyd’s List @Lloydslisted

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

CONTENT 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/