Iran’s stealth Strait of Hormuz toll plan & how Trump’s war reshaped the world

Iran has unveiled a plan to impose stealth fees on the Strait of Hormuz, using an insurance loophole to keep exacting tolls out of the key waterway post-war.  

Telegraph senior foreign correspondent Adrian Blomfield joins Roland Oliphant to break down how the conflict has permanently disrupted the global balance of power, from disrupting the US pivot to Asia to breaking US-Israeli ties. 

Plus, they take a moment to consider how the past four months will reverberate in the years to come and ask: what would Herodotus, the first historian of a Persian war, make of it all? 

Highlights

• Iran’s secret plan to keep control of the Strait of Hormuz
• How Trump’s greatest foreign policy failure reshaped the world

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

CONTRIBUTORS:

Roland Oliphant, co-host and chief foreign affairs analyst @RolandOliphant

Adrian Blomfield, senior foreign correspondent @adrianblomfield 

CONTENT REFERENCED:

How Trump’s greatest foreign policy failure has reshaped the world

https://www.telegraph.co.uk/world-news/2026/06/22/trumps-greatest-foreign-policy-failure-reshaped-world/ 

Has the US-Israel relationship changed forever?

https://www.telegraph.co.uk/world-news/2026/06/20/has-the-us-israel-relationship-changed-forever/ 

Producers: Max Bower and Elliot Lampitt

Executive Producers: Venetia Rainey & Louisa Wells

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