Iran has unveiled a controversial plan to impose hidden fees on ships passing through the Strait of Hormuz, exploiting an insurance loophole to maintain influence over one of the world's most critical oil shipping routes after the war. The Telegraph's Senior Foreign Correspondent Adrian Blomfield joins Roland Oliphant to explain how the Iran conflict has reshaped the Middle East and altered the global balance of power. They examine the long-term consequences for global energy markets, the US strategy in Asia, Iran's regional influence, and the future of US-Israel relations. They also explore the wider historical significance of the conflict, asking how the events of the past four months could shape geopolitics for years to come — and what Herodotus, the first historian of a Persian war, might have made of it all. #Geopolitics #StraitOfHormuz #Trump 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/ Producer: Max Bower Executive 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 battlelines@telegraph.co.uk ► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ #Geopolitics #StraitOfHormuz #Trump #USMilitary #China #IranWar #Pentagon #NationalSecurity #MilitaryHardware #ForeignPolicy #Telegraph

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