# The true cost of America’s hidden missile crisis & why US-Iran talks are deadlocked Page: https://stenobird.com/podcast/iran-the-latest-6656846/the-true-cost-of-america-s-hidden-missile-crisis-why-us-iran-talks-are-deadlocked Text version: https://stenobird.com/podcast/iran-the-latest-6656846/the-true-cost-of-america-s-hidden-missile-crisis-why-us-iran-talks-are-deadlocked.md Podcast: [Iran: The Latest](https://stenobird.com/podcast/iran-the-latest-6656846) Published: 2026-04-27T16:42:18+00:00 Episode link: https://shows.acast.com/battle-lines-israel-gaza/episodes/americas-hidden-missile-crisis-why-us-iran-talks-are-deadloc Audio file: https://sphinx.acast.com/p/open/s/6583019ebbd71a00175001c8/e/69ef85447cc011b3f6492de5/media.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/iran-the-latest-6656846/episodes/the-true-cost-of-america-s-hidden-missile-crisis-why-us-iran-talks-are-deadlocked Duration seconds: 2483 ## Resource 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 REFERENCED: Last Rounds? Status of Key Munitions at the Iran War Ceasefire https://www.csis.org/analysis/last-rounds-status-key-munitions-iran-war-ceasefire Producer: Elliot Lampitt Executive Producers: Venetia Rainey & Louisa Wells ► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor ► EMAIL US: Contact the team on battlelines@telegraph.co.uk  ► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ Hosted on Acast.… ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/iran-the-latest-6656846/episodes/the-true-cost-of-america-s-hidden-missile-crisis-why-us-iran-talks-are-deadlocked/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/iran-the-latest-6656846/the-true-cost-of-america-s-hidden-missile-crisis-why-us-iran-talks-are-deadlocked.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.