The Fourcast

Saudi Arabia is warning it may retaliate against Iran after fresh threats to oil and gas infrastructure as Donald Trump’s administration desperately tries to reopen the Strait of Hormuz. 
With strikes hitting key energy facilities across the Gulf, this conflict is no longer just military - it’s an economic war with global consequences.
So how far could this escalate? And what does it mean for energy prices, inflation and the world economy?
On this episode of The Fourcast Matt Frei is joined by The Economists defence editor Shashank Joshi and Channel 4 News’ economics editor Helia Ebrahimi.

18 days into a war that has reshaped the Middle East, the question that matters most is also the hardest to answer: who is actually winning. Washington says Iran is collapsing under the weight of thousands of strikes. Tehran claims it is bleeding its enemies and outlasting them. Oil prices are surging, missiles are still flying and the region is on edge.
In today’s episode of The Fourcast, Matt Frei is in Israel and he speaks to two people who understand this conflict from the inside out. Emile Hokayem, an analyst of regional security and military power. And Muhanad Seloom, a leading expert on Gulf politics and Iran’s security networks.

Across the battlefields of Ukraine, Gaza and now Iran, artificial intelligence is reshaping how wars are fought.AI is helping militaries process intelligence, identify targets and make decisions at a rapidly accelerating pace. Some believe this is the beginning of an AI revolution in warfare - one that could eventually lead to autonomous weapons and algorithmic battlefields.
So how far has this transformation already gone? Is Iran the first AI war and is the world ready for what’s coming? On this episode of The Fourcast,
Ciaran Jenkins is joined by Emelia Probasco, who was a Navy officer, later worked in the Pentagon and is now a senior fellow at the Center for Security and Emerging Technology, and Arthur Holland Michel, an AI researcher and journalist.

The conflict in Iran is entering its second week, and the shockwaves are rippling across the globe - through global markets, shipping routes and regional security alliances. In the past 24 hours, multiple ships have been hit in the Strait of Hormuz, a key trade route effectively closed by Iran, and now the Iranian regime has said the country’s new supreme leader, Mojtaba Khamenei, was “lightly injured” after an Israeli airstrike.
In today’s episode of The Fourcast, British‑Iranian comedian and cultural commentator Omid Djalili joins Krishnan Guru‑Murthy to explain why he believes that attacks by Trump and Israel on Iran could ultimately benefit the Iranian people if the Islamic Republic is removed.

The war in Iran is already sending shockwaves far beyond the battlefield. Stock markets are sinking, Brent crude has jumped above $100  a barrel, and G7 governments are considering tapping emergency reserves to steady the markets. Missiles landing close to critical Gulf energy infrastructure have sharpened fears that what began as a regional confrontation could tip the global economy into something far more dangerous.

The real question is whether this crisis can be contained, and if not, how vulnerable our economies really are - how fast could the world’s energy system start to break apart, and who would feel the pain first?

In today's episode of the Fourcast, Krishnan Guru-Murthy is joined by Guy Laron, author of Oil Wars: The Struggle for Control That Has Shaped the Modern World and Bernard Haykel, Professor of Near Eastern Studies.