US Secretary of Defence Pete Hegseth admits cost of the Iran war is spiralling

The Telegraph The Telegraph — 1min

On today’s episode of Iran: the Latest, Venetia Rainey and Telegraph journalist Sophie O’Sullivan look at the impact of recent attacks by each side and the news that Defense Secretary Pete Hegseth has admitted US war costs have reached $37bn.

Plus, a landmark US nuclear deal with Saudi Arabia upsets Israel, and the Houthis’ blockade on Saudi Arabia claims its first shipping victims - is the Bab al-Mandeb the new Strait of Hormuz?

CONTRIBUTORS:
Venetia Rainey, co-host and executive producer @venetiarainey
Sophie O’Sullivan, journalist and Ukraine: the Latest producer

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

TL Best News and Analysis Podcast - Publisher Podcast Awards 2026
The Telegraph Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026
ITL Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026

Producer: Peter Shevlin
Video Producer: Max Bower
Researcher and Social Producer: Anna Hindmarsh
Studio Operator: Chris January
Executive Producer: Venetia Rainey

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