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The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.
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July 22, 2026 — Trump attends dignified transfer of soldiers, US and Iran trade threats CNNOil prices climb after tanker struck off Saudi Arabia, Trump escalates Iran threats CNBCTrump threatens to target Iran's bridges and power plants if Hormuz attacks persist BBCTrump escalates threats, vows to target Iranian bridges and power plants PBS
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Oil prices settled at six-week highs on Wednesday after the U.S. struck Iran for the 11th night in a row and President Donald Trump warned that the U.S. will bomb Iranian bridges and power plants if Tehran fires on ships in the Strait of Hormuz.
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The company is selling more cars, but the company's profit was down because of price cuts and higher expenses.
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Trump plans 100% tariffs on imported generic drugs. Here's what experts say. CBS NewsTrump says he will impose tariffs on generic drugs starting in August 2028 PoliticoOpinion | Trump's generic drug tariffs will drive up pharmaceutical prices The Washington PostShares in Generic-Drug Makers Fall After Trump's Tariff Plan WSJ
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The Houthis escalated threats on Tuesday, risking millions of barrels of Saudi oil that had been reaching energy markets despite the U.S.-Iran war.
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Oil prices had already fallen quite dramatically on Thursday and Friday, in anticipation of an imminent deal. President Trump has posted online that the Strait of Hormuz will reopen after the deal is signed on Friday.
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