The true cost of America’s hidden missile crisis & why US-Iran talks are deadlocked

The true cost of America’s hidden missile crisis & why US-Iran talks are deadlocked

From Iran: The Latest by The Telegraph

April 27, 2026 · 41 min

About this episode

The episode discusses the implications of America's depleted munitions in the Iran war and the deadlock in US-Iran talks.

The US has severely depleted key munitions in the Iran war - and it’s already having global consequences.  From delayed deliveries to allies such as Japan, South Korea and Ukraine, to a knockon impact on any future wars - such as a potential conflict with China over Taiwan - new analysis of America’s strategic stockpiles do not make for comfortable reading. Venetia Rainey talks to Mark Cancian and Chris Park from the Center for Strategic and International Studies (CSIS) about what’s running low, why and what impact it will have.  Plus, will Donald Trump strike a deal with Iran to open the Strait of Hormuz instead of prioritising a nuclear agreement?  That’s what Tehran is reportedly proposing today, but as veteran US diplomat David Satterfield explains, that comes with its own problems. With Iran playing the long-game in an asymmetric war, the former ambassador says Trump does not have many good options available.  CONTRIBUTORS: Venetia Rainey, co-host @venetiarainey David Satterfield, former US diplomat and director of Baker Institute for Public Policy Mark Cancian, senior fellow CSIS @MarkCancian Chris Park, research associate CSIS @chrhspark CONTENT…

People in this episode

Host: Venetia Rainey

Guests: David Satterfield, Mark Cancian, Chris Park

Topics covered

  • US-Iran relations
  • military strategy
  • global security
  • missile crisis
  • diplomacy
  • strategic stockpiles

Keywords

  • missile crisis
  • US-Iran talks
  • military munitions
  • global consequences
  • diplomatic negotiations
  • Taiwan conflict
  • strategic stockpiles

Mentioned in this episode

Organizations: Center for Strategic and International Studies, Baker Institute for Public Policy

Places: Iran, United States, Japan, South Korea, Ukraine, Taiwan

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