BY TYLER DURDEN
WEDNESDAY, JUL 22, 2026 – 03:25 PM
Summary
- More Tanker Attacks: Iran-backed Houthi militants said they targeted two Saudi Arabian tankers in the Red Sea
- Trump ultimatum: Trump vowed the US will strike an Iranian bridge or power plant after every Iranian attack on shipping.
- Iran responds: The IRGC threatened to hit Gulf energy infrastructure if Iranian infrastructure is attacked, saying it will cut off electricity among US allies.
- Latest Gulf missile attacks: Iran claimed attacks on US-linked targets in Bahrain, Saudi Arabia, and Jordan.
- Nuclear tensions: Iran denied nuclear activity at Pickaxe Mountain, calling US claims a ‘fabricated pretext’ for attack.
- Oil climbs: Renewed Gulf attacks and shipping threats continued to lift oil prices.
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