US president Donald Trump’s America First agenda was the cornerstone of his election victory. But has all that pre‑election rhetoric now come back to haunt him? As the US deploys thousands of troops to the Middle East, the conflict is looking less like a brief flare‑up and more like the start of a long, grinding war. Despite Mr Trump's insistence that Washington is in talks with senior Iranian figures to strike a deal, Tehran denies any negotiations are taking place. So, who exactly is talking to whom? And as suspicion swirls about insider trading in the oil markets, who is cashing in on the chaos in the Strait of Hormuz? 

Host: Tessa Fleming; Guests: David Smith, Scott Lucas