March 23, 2026
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28:25Now PlayingIs Donald Trump backing down from a potential strike on Iran - or is this a strategic pivot?
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In this episode of the Fourcast, we unpack the latest twists in US-Iran tensions as Trump insists talks are “good and productive,” despite Tehran claiming a firm warning forced a retreat. With the Strait of Hormuz at the centre of the crisis and global markets reacting fast, the stakes couldn’t be higher.
Meanwhile, Israel says its campaign is far from over, launching strikes on what it calls the “heart of Tehran” and warning operations could last for weeks. So what does this split picture mean - de-escalation, or a conflict entering a new phase? And why are oil and gas prices falling even as missiles continue to hit?
Europe Editor Matt Frei is joined by former senior US diplomat Jennifer Gavito, Chatham House’s Renad Mansour, and Channel 4 News Economics Editor Helia Ebrahimi to break down the politics, the strategy, and the global economic impact.
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