After one month of the US-Iran war, who is winning and who is losing?

Roland Oliphant and Venetia Rainey step back to examine how much of US President Donald Trump’s original war goals have been achieved, from destroying Iran’s missiles, navy and regional proxies to regime change and preventing the development of nuclear weapons.

They also look at the role of Israel, the impact of attacks on the Gulf and the global economic shock caused by Iran’s closure of the vital waterway, the Strait of Hormuz.

Plus, they discuss the depletion of global munition stocks after a month of air strikes, how the conflict has further frayed the Western alliance and what all that means for Ukraine and Russia.

If you’ve been struggling to keep up with the latest news from the Middle East conflict, this is an update and analysis of everything you need to know from March 2026.

CONTRIBUTORS:

Roland Oliphant, co-host and chief foreign affairs analyst @RolandOliphant

Venetia Rainey, co-host @venetiarainey

CONTENT REFERENCED:

Why tens of millions face hunger and poverty in wake of Trump’s Iran war

American troops forced to withdraw from Middle East bases

RUSI: Over 11,000 munitions in 16 Days of the Iran War: ‘Command of the Reload’ Governs Endurance

Producer: Peter Shevlin

Executive Producer: Louisa Wells

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