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The News Agents

How Trump's failed war in Iran screwed Britain

30 Apr 2026

Transcription

Chapter 1: How has Trump's war in Iran affected Britain's economy?

2.562 - 5.746 Unknown

This is a Global Player original podcast.

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5.766 - 10.931 John Sopel

Played by Donald Trump's own imagined rules in that fantasy land inside his head.

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10.952 - 18.941 Emily Maitlis

The truth is that he hasn't ended the war in Ukraine. That means that the Iran war could last the same as the Ukraine war, which is not going to end anytime soon.

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18.961 - 25.568 Lewis Goodall

But you have an American defense secretary basically bragging about the idea that he's instructed his own soldiers to commit war crimes.

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25.668 - 38.644 Emily Maitlis

Yeah, turns out the world's favorite frat boy is actually a bit of a fascist. This is going to be a cost that escalates massively for America. And if it escalates for America, it escalates for us, too.

38.784 - 64.349 Unknown

President, regarding Iran, how long are you prepared to maintain the blockade? Could that go several more months? I mean, militarily, we've wiped them out. They have no military left. It's all the Navy's at the bottom of the sea. The Air Force is never going to fly again. We've got an amazing military. Now they have to cry uncle. That's all they have to do. Just say, we give up. We give up.

64.91 - 77.372 John Sopel

The problem is the Iranians are not giving up. They are fighting fire with fire. And the consequences for the world economy are getting ever more perilous.

77.352 - 98.26 Emily Maitlis

The true cost to this country was spelt out this morning by the Bank of England, who's warned us that inflation could hit 6% at the start of next year and food prices could rise by 7% at the end of this year. How on earth do we get out of this war that Trump has started? Welcome to The News Agents.

103.587 - 104.608 Unknown

The News Agents.

Chapter 2: What warnings did the Bank of England give about inflation?

388.86 - 406.134 John Sopel

Nothing is happening about Iran's nuclear material. And you can just see a world in which, you know, we've had Donald Trump. calling together meetings with his kind of military commanders saying, what are my options? And talking about ground troops again and talking about all these other things to break the impasse.

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406.555 - 422.938 John Sopel

And you've then had a statement from the Supreme Commander of Iran saying, you know what? If you start firing at us, we're ready to start firing at you. We will make your lives hell. And so America will then, well, what will it do? Will it just say, OK, well, we better hold off?

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422.918 - 446.428 John Sopel

And so you've just got this total impasse where what you could see happening is that America agrees to some kind of short term deal, which would look like an absolute defeat, whereby the Strait of Hormuz gets reopened because we talked about how much oil prices have gone up and the shock that is coming to the world's economic system, which we are in the foothills of right now.

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446.408 - 458.869 John Sopel

in return for nothing to happen on the nuclear material that Iran has. And as you say, Emily, so what has been achieved at the end of that, if that's how it comes to pass?

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459.009 - 487.948 Emily Maitlis

Well, yesterday, Pete Hegseth, the Secretary of War, was called before Congress for the first time since the Iran war began. And there are a series of utterly extraordinary exchanges where he is accusing members of Congress who are asking him about the cost to America of the Iran war, i.e. doing their actual job. He's accusing them of gotcha questions.

488.088 - 491.051 Emily Maitlis

Just listen to him talking to Congressman Adam Smith.

491.431 - 509.849 Unknown

Do you know how much it will cost Americans in terms of their increased cost in gas costs? and food over the next year because of the Iran war? I would simply ask you what the cost is of an Iranian nuclear bomb. I'm going to give you that opportunity. I would simply ask you what the cost is. You're playing gotcha questions about domestic things.

510.25 - 526.433 Unknown

You're saying it's a gotcha question to ask what it's going to be in terms of the increased cost of gas? Why won't you answer what it costs to prevent Iran from getting a nuclear bomb? I give you that, sir. What would it cost? What would you pay to ensure Iran doesn't get a nuclear bomb? What would you pay? Sir, can I reclaim my time? Do you not know?

526.513 - 536.199 Unknown

You had no one do the analysis of what the increased cost of gas and food on the American people are going to be? What is the cost of Iran holding that straight at issue with nuclear weapons?

Chapter 3: What are the potential consequences of rising interest rates for UK homeowners?

772.585 - 789.191 Lewis Goodall

The whole thing is not necessarily even managing to yield the thing that everybody wants, which is no nuclear war. But you have an American defense secretary with his hair slicked back, shouting with his suit that's far too small, basically bragging about the idea that he's instructed his own soldiers. to commit war crimes.

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789.211 - 809.983 Emily Maitlis

Yeah, turns out the world's favourite frat boy is actually a bit of a fascist, right? You don't have to scrape the surface too far to find that authoritarian streak in him. And Trump was also asked in a press conference last night, he'd been on the phone to Vladimir Putin. Now, this is where it all gets complicated. Trump said he had telephonic communication skills.

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809.963 - 827.186 Emily Maitlis

Not telepathy, but telephonic communication with Putin. And Putin asked if there was anything he could do to help him with Iran. Now, that is a total mindfuck because the last time we looked, Iran was actually being helped by Putin to work out where American targets were coming in.

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827.487 - 847.463 Emily Maitlis

So the fact that Trump and Putin are now talking about how to end the Iran war is just sort of a surreal step too far. But Trump was asked by Caitlin Collins of CNN whether he thought the Iran war or the Ukraine war would end first? And Trump quite likes that question because obviously, well, let's just listen. Let's have a listen to his answer.

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847.804 - 867.358 Unknown

On your call with President Putin today, do you think the war in Iran ends first or the war in Ukraine? Well, we talked about more about the war in Ukraine, but he would like to be of help. I said, before you help me, I want to end your war. So we had a good talk. I've known him a long time. I think he was ready to make a deal a while ago.

867.419 - 885.746 Unknown

I think some people made it difficult for him to make a deal. But we talked more about Ukraine. But which war do you think ends first? That's an interesting question. You know, coming from you, that's very interesting. Which war would end first? I don't know. Maybe they're on a similar timetable.

886.166 - 903.943 Emily Maitlis

So when you first hear that, you think, oh, Trump's very flattered because he likes the idea that he's a peaceman, he's going to win the Nobel Peace Prize, he's going to end more wars. But actually, the truth is that he hasn't ended the war in Ukraine, and that's now been going on more than four years. And if they're on the same timetable,

903.923 - 918.962 Emily Maitlis

then again you'll start thinking, well, that means that the Iran war could last the same as the Ukraine war, which is not going to end any time soon. I mean, actually, it's even more depressing when you think that he could be in for the long haul on Iran too. There is a...

918.942 - 943.279 John Sopel

common thread in what he said there between the iran war and the ukraine war you know when he said the problem is that for vladimir putin and he wants to make a deal he wants to make but there are some people who are just blocking it yeah those bastard ukrainians who keep on fighting and resisting and refusing to surrender and the same problem is there in iran those bastard iranians just won't surrender and roll over and accept they keep fighting back

Chapter 4: How does the ongoing Iran war compare to the war in Ukraine?

1353.563 - 1385.076 Emily Maitlis

Trump awarded with this gold statue by FIFA's Gianni Infantino for reasons I think none of us entirely understand. But whether that moment forged something between the two of them is a kind of live question now, because we're reading that Infantino himself said, has asked for Pope-level protection, a motorcade during the World Cup in those Vancouver football matches.

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1385.477 - 1389.91 Emily Maitlis

And Vancouver have said, uh-uh, no way. What is all that about?

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1390.733 - 1411.189 Adam Crofton

Well, it's really interesting because when FIFA travel, I mean, so this is this is kind of blown up around FIFA's annual congress this year in Vancouver, which has been taking place this week. And when FIFA travel to these events, they really do like take cities over. I mean, I was in the one in Asuncion in Paraguay last year.

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1411.169 - 1436.113 Adam Crofton

And it was like Asunción became a militarized city for the kind of 48, 72 hours that FIFA were in town. There was just police, state police absolutely everywhere. And I think FIFA has sort of become quite used to this. Now, FIFA have denied this week that they made this request or that Infantino was involved in this request.

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1436.093 - 1460.565 Adam Crofton

But these kind of police escorts, I mean, it was kind of compared by the Vancouver police to like a Pope level or head of state level police motorcade escort where you're allowed to go through red lights and all of that kind of thing. And they basically said, we don't think this is necessary based on our security assessment or a good use of taxpayer money. But it is written into a lot of the

1460.545 - 1476.327 Adam Crofton

host city contracts during the World Cup that FIFA VIPs FIFA president will be given police escorts I'm not sure it will be on the level of heads of state but that is the treatment that you know FIFA have become very used to it makes me think

1477.252 - 1500.255 John Sopel

This is all spiralling out of control about FIFA imagining itself to be this kind of supranational body that is above any nation state, that you can charge whatever you like for tickets, that you can make whatever amounts of money that are available. And it's just seen, I think for the ordinary football fan, it just seems increasingly obscene.

1500.877 - 1523.998 Adam Crofton

Yeah, and it's felt that way. I must say, the issue of pricing is interesting because the FIFA argument is that they are in North America, which is the most expensive sports economy in the world, where what they're using is this very controversial dynamic pricing, which is, to be fair, what we often see on...

1524.94 - 1554.93 Adam Crofton

in kind of machine ways, through airlines and concerts and other forms of tickets, particularly in America. And US sports tickets are expensive. Now, there is expensive, and then there is what FIFA have been charging for these World Cup games, where pretty run-of-the-mill group stage games have been $500 to $700 in some cases as the kind of starting price, and then it's becoming dynamic based on

Chapter 5: What challenges are faced by the US regarding military action in Iran?

1748.774 - 1771.459 Emily Maitlis

But this is starting to feel like... a racket in so many other departments, whether it's the trains, whether it's the tickets for public transport, whether it's the way they're charging, I don't know, parking or hotels. These are all the sort of questions of infrastructure, which in a normal World Cup are meant to enable more people to get to these games more easily.

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1772.06 - 1779.688 Emily Maitlis

And in sort of Trump's America, it feels like there is just an extra price on absolutely everything.

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1779.668 - 1794.91 Adam Crofton

No, definitely. I mean, just talk through some of the train crisis. The usual train, which would take you from New York Penn Station in Manhattan to MetLife Stadium in New Jersey, which is about an 18 mile journey. It's normally a $12.90 return.

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1795.075 - 1816.36 Adam Crofton

the special event train for if you are going to the world cup games they it was announced a couple of weeks ago that's going to be 150 right so that gives an idea of of the markup that's being made now I actually don't think this is all about being in kind of Trump's America in this case.

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1816.44 - 1840.033 Adam Crofton

I think part of what's going on here is that FIFA's model is that they take their tournament into countries and FIFA take all of the revenue from ticketing, sponsorship, broadcast, even the parking fees. FIFA are charging like $250 in some cases to park your car. They take all of these revenues and

1840.013 - 1857.692 Adam Crofton

while the cities are expected to pay all the public transportation costs, the increased security costs, and the security costs for FIFA events are kind of off the scale, particularly when you get into what America charges for policing in any case. And a lot of these burdens are falling on the cities.

1858.492 - 1879.4 Adam Crofton

And these cities, you know, when the bids were made seven or eight years ago, were talking about economic impact. and they were projecting huge, huge, huge uplift in economic impact. However, as is so often the case, as you get closer to these mega sports events, the cities aren't really seeing that uplift in the way that was projected.

1880.061 - 1892.397 Adam Crofton

And what you're now seeing is they're attempting to claw back some of these costs by transferring it on to World Cup visitors rather than their own taxpayers, which is an interesting debate because it's, you know, should...

1892.377 - 1916.292 Adam Crofton

I guess what you could argue is, should the average low-income person who is going to work from Manhattan to New Jersey have to take on that cost over a period of time, or should it fall to somebody who is probably an affluent World Cup visitor? That's the argument they're making. The counter-argument is, don't bid for something you can't afford in the first place.

Chapter 6: What is the significance of the recent congressional hearing on the Iran war?

2333.742 - 2337.489 John Sopel

Happy days. This is a good day for America. We'll see you tomorrow.

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2337.51 - 2343.381 Unknown

Bye-bye. Bye for now.

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